We shall now, in a few words, show the practical application of this
doctrine.
A cultivator of the south of France believes himself to be very rich,
because he is protected by duties from external competition. He may be
as poor as Job; but he nevertheless imagines that sooner or later he
will get rich by protection. In these circumstances, if we ask him the
question which was put by the Odier Committee in these words,--
"Do you desire--yes or no--to be subject to foreign competition?" His
first impulse is to answer "No," and the Odier Committee proudly welcome
his response.
However, we must go a little deeper into the matter. Unquestionably,
foreign competition--nay, competition in general--is always
troublesome; and if one branch of trade alone could get quit of it, that
branch of trade would for some time profit largely.
But protection is not an isolated favour; it is a system. If, to the
profit of the agriculturist, protection tends to create a scarcity of
corn and of meat, it tends likewise to create, to the profit of other
industries, a scarcity of iron, of cloth, of fuel, tools, etc.,--a
scarcity, in short, of everything.
Now, if a scarcity of corn tends to enhance its price through a
diminution of supply, the scarcity of all other commodities for which
corn is exchanged tends to reduce the price of corn by a diminution of
demand, so that it is not at all certain that ultimately corn will be a
penny dearer than it would have been under a system of free trade. There
is nothing certain in the whole process but this--that as there is upon
the whole less of every commodity in the country, each man will be less
plentifully provided with everything he has occasion to buy.
The agriculturist should ask himself whether it would not be more
for his interest that a certain quantity of corn and cattle should be
imported from abroad, and that he should at the same time find himself
surrounded by a population in easy circumstances, able and willing to
consume and pay for all sorts of agricultural produce.
Suppose a department in which the people are clothed in rags, fed upon
chesnuts, and lodged in hovels. How can agriculture flourish in such
a locality? What can the soil be made to produce with a well-founded
expectation of fair remuneration? Meat? The people do not eat it. Milk?
They must content themselves with water. Butter? It is regarded as a
luxury. Wool? The use of it is dispensed with as much as possible. Does
any one imagine that all the ordinary objects of consumption can thus be
put beyond the reach of the masses, without tending to lower prices as
much as protection is tending to raise them?
Public-domain text, read in full here on John Shaqi.
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