"Formerly we exported stuffs; then that exportation gave place to that
of yams, which are the raw material of stuffs; then to that of machines,
which are the instruments for producing yarn; afterwards to the
exportation of the capital with which we construct our machines;
finally, to that of our workmen and our industrial skill, which are
the source of our capital. All these elements of labour, one after the
other, are set to work wherever they find the most advantageous opening,
wherever the expense of living is cheaper and the necessaries of
life are moat easily procured; and at the present day, in Prussia, in
Austria, in Saxony, in Switzerland, in Italy, we see manufactures on
an immense scale founded and supported by English capital, worked by
English operatives, and directed by English engineers."
You see very clearly, then, that nature, or rather that Providence, more
wise, more far-seeing than your narrow and rigid theory supposes,
has not ordered this concentration of industry, this monopoly of all
advantages upon which you found your reasoning as upon a fact which is
unalterable and without remedy. Nature has provided, by means as simple
as they are infallible, that there should be dispersion, diffusion,
solidarity, simultaneous progress; all constituting a state of things
which your restrictive laws paralyze as much as they can; for the
tendency of such laws is, by isolating communities, to render the
diversity of condition much more marked, to prevent equalization, hinder
fusion, neutralize countervailing circumstances, and segregate nations,
whether in their superiority or in their inferiority of condition.
III. In the third place, to contend that by a protective duty you
equalize the conditions of production, is to give currency to an error
by a deceptive form of speech. It is not true that an import duty
equalizes the conditions of production. These remain, after the
imposition of the duty, the same as they were before. At most, all that
such a duty equalizes are _the conditions of sale_. It may be said,
perhaps, that I am playing upon words, but I throw back the accusation.
It is for my opponents to show that _production and sale_ are synonymous
terms; and if they cannot do this, I am warranted in fastening upon them
the reproach, if not of playing on words, at least of mixing them up and
confusing them.
Public-domain text, read in full here on John Shaqi.
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