Sun Zi: Adam, you speak of free markets and prosperity through trade. Yet nations wage economic wars, imposing tariffs and restrictions. If trade is truly beneficial, why do rulers seek to hinder it? Adam Smith: Ah, my friend, it is often due to misplaced fears and short-term interests. Leaders believe protecting domestic industries will strengthen their economy, but they fail to see that such policies weaken all in the long run. Free trade allows nations to specialize and prosper together. Sun Zi: You say they fail to see, yet they act with deliberate intent. Is this not a strategy of control rather than ignorance? A ruler does not block a road unless he fears what may come through it. Adam Smith: Quite so. Some fear dependence on foreign powers, seeing trade as a weapon that might be turned against them. They view commerce not as mutual gain but as a battlefield. Yet war, even economic war, exhausts both sides. If a nation blocks trade, it injures itself as well. Sun Zi: Y...
Dialogue Between Plato and Adam Smith on Human Behavior During a Pandemic Plato: Greetings, Adam. This pandemic humanity faces is both a challenge and a revelation. It tests the virtues that bind society together—justice, wisdom, and temperance. What do you make of it? Adam Smith: Indeed, Plato, it is a trial that brings to light the delicate balance between self-interest and collective welfare. Humanity’s response has showcased both the invisible hand of the market and the necessity of moral sentiments. Plato: Your "invisible hand" intrigues me. Do you mean to suggest that self-interest alone can guide society through such a crisis? Adam Smith: Not entirely. While self-interest drives innovation—like the rapid development of vaccines—it is our capacity for sympathy that prevents society from descending into chaos. The baker does not bake solely for himself; he bakes because he knows others need bread. During this pandemic, we’ve seen countless acts of generosity...