Mercantilism is a one way traffic. Colonialism was a direct fallout of mercantilism and everyone knows how that panned out from the United States to India. The focus being entirely on money, everything else takes a backseat, from human rights to will of people. Trade and commerce cannot be the only benchmarks for a country’s well being. There are many other aspects of life. Mercantilism leads to constant strife among counties. Every country will want the best for itself and that will lead to protectionism, military conflict, sabotage and all kinds of heinous games in the international arena.
It would be that "<span>He helped inspire the American Declaration of Independence," that does not describe Adam Smith, since he was less focussed on issues of sovereignty. </span>
