The entirety of “Wealth of Nations” is fiction based upon a world that has never existed. An imagined world.
Adam Smith pretends to analyze something that no man in history has ever witnessed...Free Trade.
There is, and has never been, any such thing as Free Trade.
Trade between nations is always Mercantilist. And always will be.
It’s the nature of man.
“Trade between nations is always Mercantilist. And always will be.
It’s the nature of man.”
Well, I’ve seen human nature and trade at their most unfettered after the fall of Saddam’s Iraq. I came to the conclusion that free trade is the fundamental commerce of human nature. However what everyone calls “free trade” today is anything but. It’s a scam.
The only free trade today is in black markets because all the legitimate markets are rigged.