Adam Smiths Fatal Economic Blind Spot @cosmicsummit
Adam Smiths Fatal Economic Blind Spot  @cosmicsummit
Uploaded July 2026 | Updated September 2026, 3 weeks ago
Catch the full episode here: youtu.be/YvrAmmgjvbw

Economics has always carried a hidden uncertainty, one the guest traces back to Adam Smith's 1776 assumption that land and labor could be treated as free inputs, with slavery folded into that framing. From there, the argument moves forward to capital markets since 1914, where an entire industry of traders, bankers, and shippers has built its function around inserting friction rather than removing it.

The claim on the table is a sharp one. Every intermediary in modern finance exists to create a frictional response inside the system, not to serve it. This episode digs into what that means for how value gets priced, delayed, and extracted across the economy today.
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Adam Smith's Fatal Economic Blind Spot

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