Thomas Sowell vs. Adam Smith

Sowell presents mercantilism as a misconception of what is best for a nations' economy. This conception is based on what mercantilists think is best, this is to have more goods being exported from your country then goods being imported in to your country. Sowell describes this system as one that benefits merchants who in essence capitalize on the hard work and sweat of the common man or poor man as he puts it. In addition …

…Although this program protects minorities it can be related to an attempt to even out the social classes. Especially because the minorities that are protected statistically make up the largest portions of our lower class since, our capitalist system is geared towards white males. Overall, Smith would encourage the system of checks and balances we employ but would site our growing gap from the upper class to the lower class as our nations' greatest danger.