The free traders seem not insensible to these inevitable results of their
favourite principles; but they meet them by describing such consequences
as rather advantageous than injurious. If England, say they, can raise
iron and cotton goods cheaper than Poland, and Poland and Russia grain
cheaper than England, then the interest of each require that they should
follow out these branches of industry, and it is impolitic to strive
against it. Let, then, England admit foreign grain on a nominal duty, and
this will in the end induce Russia and Prussia to admit English
manufactured goods on equally favourable terms; and thus the real
interests of both countries will in the end be promoted.
There are two objections to this system. In the first place, it is
impracticable if it were expedient. In the second, it is inexpedient if it
were practicable.
It is impracticable if it were expedient. Theoretical writers may coolly
discuss in their closets the total destruction of various important
branches of industry, the "absorption" of the persons engaged in them in
other pursuits, and the transference of national capital and industry from
agriculture to manufactures, and _vice versà_; but it is impossible to
effect such changes by the voluntary act of government, even in the most
despotic country. We say by the voluntary act of government; because there
is no doubt that it may be effected, though at an enormous sacrifice of
life, wealth, and happiness, by the silent and unobserved operation of the
laws of nature, which are irresistible; as was the case with the
transference of industry from agriculture to pasturage, under the effect
of free trade in grain in the countries bordering on the Mediterranean, in
the later stages of the Roman empire; or from manufactures to agriculture,
from the consequences of the discovery of the Cape of Good Hope in the
Italian republics in modern times. But no government, not even that of the
Czar Peter or Sultaun Mahmoud, could succeed in destroying or nipping in
the bud brances of national industry, by simple acts of the legislature or
sovereign authority, not imposed by external and irresistible authority.
The Emperor Paul tried it, and got a sash twisted about his neck,
according to the established fashion of that country, for his pains. The
Whigs tried it, and were turned out of office in consequence. All the
governments of Europe, despotic, constitutional, and democratic, meet our
concessions, in favour of free trade, by increased protection to their
manufacturers. They dare not destroy their rising commercial wealth any
more than we dare destroy our old colossal agricultural investments. The
republicans of America even exceed them in the race of tariffs and
protection. Sixty-two per cent has lately been laid on our British iron
goods in return for Sir Robert Peel's tariff; a similar duty on iron and
cotton goods, it is well known, is contemplated in the Prussian leagues in
Germany.
Public-domain text, read in full here on John Shaqi.
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