Harmonies of Political Economy: Translated from the Third French Edition, with a Notice of the Life and Writings of the AuthorBastiat, Frédéric
Philosophy
Harmonies of Political Economy: Translated from the Third French Edition, with a Notice of the Life and Writings of the Author
Bastiat, Frédéric
Economics
And yet it is very usual to attribute to capital a sort of fatal
efficacy, the effect of which is to introduce egotism, austerity,
Machiavelism, into the hearts of those who aspire to possess it.
But let us not be misunderstood. There are countries where [p216]
labour is of little value, and the little that is earned is shared
by the government. In order to snatch from you the fruit of your
toil, what is called the State surrounds you with a multitude of
trammels. It interferes with all your actions, and mixes itself up
in all your concerns. It domineers over your mind and your faith.
It disarranges all interests, and places them in an artificial and
precarious position. It enervates individual energy and activity, by
usurping the direction of all affairs. It makes the responsibility
of actions fall upon people with whom it amounts to nothing, so that
by degrees all notions of what is just or unjust are effaced. By its
diplomacy it embroils the nation in quarrels with all the world, and
then the army and navy are brought into play. It warps the popular
mind as much as it can upon all economical questions; for it is
necessary to make the masses believe that its foolish expenditure,
its unjust aggressions, its conquests, its colonies, are for them a
source of riches. In such countries it is difficult to create capital
by natural means. The great object is to purloin it by force or by
fraud from those who have created it. We there see men enriching
themselves by war, by places at court, by gambling, by purveying,
by stockjobbing, by commercial frauds, by hazardous enterprises, by
public contracts, etc. The qualities requisite for thus snatching
capital from the hands of those who create it are precisely the
opposite of those necessary for its formation. It cannot surprise us,
then, that in countries so situated an association is established
between these two ideas—‹capital› and ‹egotism›; and this association
becomes ineradicable when all the moral ideas of the country exhaust
themselves on ancient and mediæval history.
But when we turn our regards, not to this abstraction and abuse of
capital, but to its creation by intelligence and activity, foresight
and frugality, it is impossible not to perceive that a moral and
social virtue is attached to its acquisition.
Nor is there less moral and social virtue in the action of capital
than in its formation. Its peculiar effect is to procure us the
co-operation of nature, to set us free from all that is most
material, muscular, brutal, in the work of production; to render
the intelligent principle more and more predominant; to enlarge
the domain, I do not say of idleness, but of leisure; to render
less imperious the physical wants of our nature, by rendering
their satisfaction more easy, and to substitute for them wants and
enjoyments of a nature more elevated, more delicate, more refined,
more artistic, more spiritual.
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