We are not, in any way, “men who owe no obligation to one another”. Our entire social system is founded on obligation and interconnectedness. This was likely true even in Smith’s time, but his genius was to have hidden it from view and in doing so to construct the founding myth of liberal individualism as it exists in modern times.Yet today the debt issue explodes once more. And because Smith’s mythology cannot contain it we see all around us anxiety together with its attendant primitive emotions such as envy, anger, spite and malice and, in countries such as Greece, a general collapse of the entire social economy. We see politicians obsessed over government debt sending their countries into ruin simply because they adhere to a redundant mythology. In short, we see the chaos that terrified Smith of a society in which, in his words, injustice prevails.