![The First Opium War: The East India Company’s Nemesis and other boats destroy the Chinese war junks in Anson Bay, 7 January 1841 [Bridgeman Art Library]](https://www.spectator.com.au/wp-content/uploads/2018/08/opiumwars.jpg?w=730&h=486&crop=1)
China, wrote Adam Smith, is ‘one of the richest, that is, one of the most fertile, best cultivated, most industrious and most populous countries in the world’. It was an obvious exemplar for a man who was trying to write An Inquiry into the Nature and Causes of the Wealth of Nations.
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