Illustrations from everyday life occur on all sides to elucidate the utter
absurdity, and, in fact, total impracticapability of the system of free
trade, as applied to nations who are, or are becoming, rivals of each
other in manufacturing industry. Those who have the advantage, will always
advocate free competition; those who are labouring under impediments, will
always exclaim against them. In some cases the young have the advantage,
in others the old; but in all the free system is applauded by those in the
sunshine, and execrated by those in the shade. The fair _debutante_ of
eighteen, basking in the bright light of youth, beauty, birth, and
connections, has no sort of objection to the freedom of choice in the
ball-room. If the mature spinster of forty would divulge her real opinion,
what would it be on the same scene of competition? Experience proves that
she is glad to retire, in the general case, from the unequal struggle, and
finds the system of established precedence and fixed rank at dinner
parties, much more rational. The leaders on the North Circuit--Sir James
Scarlett or Lord Brongham--have no objections to the free choice, by
solicitors and attorneys, for professional talent; but their younger
brethren of the gown are fain to take shelter from such formidable rivals
in the exclusive employment of the Crown, the East India Company, the Bank
of England, or some of the numerous chartered companies in the country.
England is the old lawyer on the Cirucuit in manufactures--but Poland is
the young beauty of the ball-room in agriculture. We should like to see
what sort of reciprocity could be established between them. Possibly the
young belle may exchange her beauty for the old lawyer's guineas, but it
will prove a bad reciprocity for both.
It is usual for both philosophers and practical men to ascribe the
superior cheapness with which subsistence can be raised in the young state
to the old one, to the weight of taxes and of debt, public and private,
with which the latter is burdened, from which the former is, in general,
relieved. But, without disputing that these circumstances enter with
considerable weight into the general result, it may safely be affirmed
that the main cause of it is to be found in two laws of nature, of
universal and permanent application. These are the low value of money in
the rich state, in consequence of its plenty, compared with its high value
in the poor one, in consequence of its poverty, and the experienced
inapplicability of machinery or the division of labour to agricultural
operations.
Public-domain text, read in full here on John Shaqi.
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