Blackwood's Edinburgh Magazine, Volume 61, No. 378, April, 1847Various
History
Blackwood's Edinburgh Magazine, Volume 61, No. 378, April, 1847
Various
England -- Periodicals; Scotland -- Periodicals
This being a fixed law of nature, evidently intended to check the growth
of old states, and promote the extension of mankind in the uncultivated
parts of the earth, it is in vain to contend against it. So violently
does free-trade displace industry on both sides, where it is fully
established, that it is scarcely possible to conceive that two nations
should at the same time run into the same glaring mistake; and thence
the common complaint that no benefit is gained, but an infinite loss
sustained, by its establishment in any one country, and that reciprocity
is on one side only. As no adequate exchange of manufactures for
subsistence is thus to be looked for, there must arise, in the old
state, a constant exportation of the precious metals, attended by
frequent commercial crises, and a constant increase in the weight of
direct taxation. Should it prove otherwise, and two nations both go into
the same system, it could lead to no other result but the stoppage of
the growth of civilisation in the young one, and the destruction of
national independence in the old. The former would never succeed in
establishing commerce or manufactures, from the competition of the
steam-engine in its aged neighbour; the latter would become dependent
for subsistence on the plough of the young one. The rising agricultural
state would be chained for ever to the condition of the serfs in Poland,
or the boors in America; the stationary commercial state would fall into
the degrading dependence of ancient Rome on the harvests of Egypt and
Lybia.
Public-domain text, read in full here on John Shaqi.
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