Though the economists have since had to bear all the blame for what
nearly everyone now perceives to have been an economic and social
mistake, neither Hume nor Adam Smith caught the _laisser faire_ fever
to as great an extent as their French contemporaries and imitators. The
English industrial position was not the same as that of France. The
“mercantile system” by which, as by “Fair Trade” to-day, foreign trade
was to be regulated and encouraged according as it tended to cause
the stock of goods, especially coin and bullion, to increase in the
country, was the same on both sides of the Channel. But our political
revolution had already been partly accomplished; and the more obvious
shackles of feudalism had been long since struck off. No Englishman was
compelled to grind his corn at the mill of the lord of the manor;[27]
to give up unpaid days to plough the lord’s field and cart the lord’s
hay; or to spend his nights in beating the waters of the lord’s marsh
so that the croaking of the frogs might not disturb the lord’s repose.
Our labor dues had long before been commuted for money payments;
and these had become light owing to the change in currency values.
Our apprenticeship laws and guild regulations were becoming rapidly
inoperative. No vexatious excise or gabelle hampered our manufactures.
Tyranny there was, enough and to spare, and economic spoliation; but
they did not take the form of personal interferences and indignities.
The non-noble Frenchman was bond, and he knew it; the middle-class
Englishman to a great extent thought himself free: his economic
servitude, though it galled him, was not clearly distinguishable
from the niggardliness of nature. The landlord in France was an
obvious tyrant: here he certainly caused (by the abstraction of the
economic rent) an artificial barrenness of the workers’ labor; but
the barrenness was so old and had been so constant that it was not
seen to be artificial, and was not resented as such. No peasant rebels
against the blight. Accordingly, we have, since 1381, never had in
England a burning of the _chateaux_; and, accordingly, too, Adam Smith
is no complete champion of _laisser faire_, though his great work
was effective mainly in sweeping away foreign trade restrictions and
regulations, and in giving viability to labor by establishing the
laborer’s geographical freedom to move and to enter into the wage
contract when and where he best could. The English economists, stopping
illogically short of the complete freedom preached by Rousseau and
Godwin and the scientific Anarchists of to-day, advocated just as much
freedom as sufficed to make the fortunes of Lancashire capitalists and
to create the modern proletariat. The Utilitarians are appropriately
coupled with the Political Economists in connexion with this phase of
thought. Although Adam Smith did not belong to their school, almost
the whole work of developing and popularizing the new science was done
by them.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account