Misled by such reasoning, the volatile youth changed his rotation of
crops. His land he divided into twenty divisions. In one he planted
olives, in another mulberry trees, in a third he sowed flax, in a fourth
he had vines, in a fifth wheat, and so on. By this means he succeeded
in supplying his family with what they required, and felt himself
independent. He no longer drew anything from the general circulation,
nor did he add anything to it. Was he the richer for this? No; for the
soil was not adapted for the cultivation of the vine, and the climate
was not fitted for the successful cultivation of the olive; and he was
not long in finding out that his family was less plentifully provided
with all the things which they wanted than in the time of his father,
who procured them by exchanging his surplus produce.
As regarded his workmen, they had no more employment than formerly.
There were five times more fields, but each field was five times
smaller; they produced oil, but they produced less wheat; he no longer
purchased linens, but he no longer sold rye. Moreover, the farmer could
expend in wages only the amount of his capital, and his capital went on
constantly diminishing. A great part of it went for buildings, and the
various implements needed for the more varied cultivation in which he
had engaged. In short, the supply of labour remained the same, but as
the means of remunerating that labour fell off, the ultimate result was
a forcible reduction of wages.
On a greater scale, this is exactly what takes place in the case of
a nation which isolates itself by adopting a prohibitive _régime_.
It multiplies its branches of industry, I grant, but they become of
diminished importance; it adopts, so to speak, a more complicated
_industrial rotation_, but it is not so prolific, because its capital
and labour have now to struggle with natural difficulties. A greater
proportion of its circulating capital, which forms the wages fund,
must be converted into fixed capital. What remains may have more varied
employment, but the total mass is not increased. It is like distributing
the water of a pond among a multitude of shallow reservoirs--it covers
more ground, and presents a greater surface to the rays of the sun,
and it is precisely for this reason that it is all the sooner absorbed,
evaporated, and lost.
Public-domain text, read in full here on John Shaqi.
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