According to Leslie Bethell in his work "Why did the Creoles lead the revolutions in Latin America?" The statement "if the creoles had one eye on their masters, they kept the other on their servants, " implies that the Creoles fully understand the delicate situation of the colonies in which every group was constantly looking for power to override one another.
The masters are the penisulares: the Spanish settlers, while the servants are the mestizos, mulattos, Africans, and other Indian groups. The Creoles wanted to gain and retain political power in the colonies.
During the industrial revolution, an economist and
philosopher by the name Adam Smith was the first person who wrote about how
economic growth and capitalism are interconnected. Adam Smith is recognized in
history as a pioneer of political economy.
