Adam Smith had recognised that in “Wealth of Nations”. He goes on to conclude that “the mercantile system” allows the “merchants and manufacturers” to pervert

Adam Smith had recognised that in “Wealth of Nations”. He goes on to conclude that “the mercantile system” allows the “merchants and manufacturers” to pervert legislation towards their “sole end and purpose” – production for profit – and away from the legitimate “sole end and purpose” of production – to satisfy human needs. He also points out that the interests of these manufacturers, have been “peculiarly attended to” by the government.