Two leading thinkers of the 18th century, the French philosopher Montesquieu and the Scottish political economist Adam Smith, argued that world trade promoted peace and harmony because it advanced mutual interest and interdependency.
Yes, but:
Beckert emphasizes how capitalism has depended at every stage of its development on the military power of the modern state and frequently on practices of extreme violence, such as the outright terror required to build the Atlantic system of slavery.