In Adam Smith and the Character of Virtue, Ryan Patrick Hanley explains why Smith considered the “inequality of precommercial societies [to be] infinitely more pernicious than the inequality to be found in commercial society.” He does this by demonstrating “how the conditions that afford the powerful with maximal opportunities to gratify their selfishness are at once the conditions that afford the weak with maximal freedom.” Feudal, pre-commercial societies offer “minimal opportunities for indulgence,” and so “it is impossible for even the most... Read more