Adam Smith's Economic Critique of Empire
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61Join Kristian Niemietz in this week's IEA Podcast where he tackles the idea that Britain profited from the empire. Even during the peak of empire expansion, voices emerged questioning its worthiness. Adam Smith, a prominent critic of empire and the slave trade, argued against them not just on moral grounds but also from an economic perspective. He highlighted the inefficiencies of trade monopolies, like those held by the East India Company, ultimately deemed disastrous. #colonialism #slavery #empire #capitalism#adamsmith