Free-trade distributes in the most uniform and equitable manner the
fruits which Providence accords to human labour. If we are deprived
of part of these fruits by natural causes, such as a succession of bad
seasons, free-trade does not fail to distribute in the same manner what
remains. Men are, no doubt, not so well provided with what they want;
but are we to impute this to free-trade, or to the bad harvests?
Liberty acts on the same principle as insurances. When an accident, like
a fire, happens, insurance spreads over a great number of men, and a
great number of years, losses which, in the absence of insurance, would
have fallen all at once upon one individual. But will any one undertake
to affirm that fire has become a greater evil since the introduction of
insurance?
In 1842, 1843, and 1844, the reduction of taxes began in England. At the
same time the harvests were very abundant; and we are led to conclude
that these two circumstances concurred in producing the unparalleled
prosperity which England enjoyed during that period.
In 1845, the harvest was bad; and in 1846, worse still.
Provisions rose in price; and the people were forced to expend their
resources on first necessaries, and to limit their consumption of other
commodities. Clothing was less in demand, manufactories had less work,
and wages tended to fall.
Fortunately, in that same year, the barriers of restriction were still
more effectually removed, and an enormous quantity of provisions reached
the English market. Had this not been so, it is nearly certain that a
formidable revolution would have taken place.
And yet free-trade is blamed for disasters which it tended to prevent,
and in part, at least, to repair!
A poor leper lived in solitude. Whatever he happened to touch, no
one else would touch. Obliged to pine in solitude, he led a miserable
existence. An eminent physician cured him, and now our poor hermit was
admitted to all the benefits of _free-trade, and had full liberty to
effect exchanges_. What brilliant prospects were opened to him! He
delighted in calculating the advantages which, through his restored
intercourse with his fellow-men, he was able to derive from his own
vigorous exertions. He happened to break both his arms, and was landed
in poverty and misery. The journalists who were witnesses of that misery
said, "See to what this liberty of making exchanges has reduced him!
Verily, he was less to be pitied when he lived alone." "What!" said
the physician, "do you make no allowance for his broken arms? Has that
accident nothing to do with his present unhappy state? His misfortune
arises from his having lost the use of his hands, and not from his
having been cured of his leprosy. He would have been a fitter subject
for your compassion had he been lame, and leprous into the bargain."
_Post hoc, ergo propter hoc_. Beware of that sophism.
IX. THE PREMIUM THEFT.
Public-domain text, read in full here on John Shaqi.
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