Adam Smith
1723–1790, Scotland (the Scottish Enlightenment: Kirkcaldy, Glasgow, Edinburgh)
Shutting Hormuz Is Taxing the Poor Without a Vote
By rejecting negotiation over the Strait of Hormuz and drifting toward explosions instead of bargains, statesmen are quietly taxing the world’s labourers through dearer energy and shattered confidence in trade.
When a narrow channel carries much of the world’s crude oil, one need not be a philosopher to see that a cannon fired there resounds in every kitchen in the world. We are told that a proposal to reopen the Strait of Hormuz was rejected, that mediators were at hand, and that, hours later, explosions were heard in the waterway. At the very moment when crude was being shepherded out of the Gulf in prodigious quantity, the chief artery was treated as a stage for gesture and reprisal. The drama is local and visible; the bill will be global and obscure. It will arrive not as a declaration of war, but as a higher fuel bill and a smaller pay packet.
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