Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
Smith would have liked the British Government to renounce its authority
over the colonies, and so not only relieve the revenue from a serious
annual drain, but at the same time convert the Americans from turbulent
and fractious subjects to the most faithful, affectionate, and generous
allies. But seeing that neither people nor government would brook such a
mortification, he suggested that to save the situation they should try,
by a scheme of union, to break up the American confederacy and
reconstitute the empire on a fair basis. Let us give, he said, to each
colony which will detach itself from the general confederacy a number of
representatives in parliament proportionate to its contribution, and so
open up a new and dazzling object of ambition to the leading men of each
colony. If this or some other method were not fallen upon of
conciliating the Americans, it was not probable that they would
voluntarily submit, and “they are very weak who flatter themselves that,
in the state to which things have come, our colonies will be easily
conquered by force alone.” The leaders of the Congress had risen
suddenly from tradesmen and attorneys to be statesmen and legislators of
an extensive empire “which seems very likely to become one of the
greatest and most formidable that ever was in the world.” Nay, if the
union he suggested as an alternative to peaceful and friendly parting
were constituted, he predicted that in the course of little more than a
century the empire would draw more revenue from America than from the
mother country; and “the seat of the empire would then naturally remove
itself to that part of the empire which contributed most to the general
defence and support of the whole.” It was such a scheme as this that
Burke ridiculed when he pictured “a shipload of legislators” becalmed in
mid-Atlantic.
Public-domain text, read in full here on John Shaqi.
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