A Short History of English LiberalismBlease, W. Lyon (Walter Lyon)
History
A Short History of English Liberalism
Blease, W. Lyon (Walter Lyon)
Great Britain -- Politics and government; Liberal Party (Great Britain); Liberalism
The greatest practical service which they rendered was the emancipation of
industry from the system of Protection. Import duties were an interference
by Government with the freedom of the individual to use his capital and his
intelligence as he thought best, and they gave advantages to certain
classes and interests over other classes and interests and over the
community at large. An import duty raised the price of the taxed article
for the benefit of the industry which produced the same article in England.
Two consequences followed. The industries which used the taxed article paid
an artificially high price for the benefit of the industries which made it,
and the tax might be so high that they would be unable to continue in the
face of foreign competition. Government was incapable of selecting what
industries might be taxed in this way without injury. It made an arbitrary
selection without regard to the general interest, or at the instigation of
classes which desired to be benefited at the expense of the community. Some
industries were maintained by this artificial system which could not have
maintained themselves by their own efficiency. Other industries were
crippled which, in a freer system, could develop themselves to an
indefinitely greater extent. Protection was vicious precisely as government
by a class was vicious or as a system of religious disabilities was
vicious. It established an aristocracy of industry, which was as bad as an
aristocracy of birth or of creed. Every industry should have an equal
chance with every other, and no industry should be given the chance of
exploiting the common people.
Public-domain text, read in full here on John Shaqi.
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