Illustrations of political economy, Volume 7 (of 9)Martineau, Harriet
General
Illustrations of political economy, Volume 7 (of 9)
Martineau, Harriet
Didactic fiction, English; Political fiction, English; Social problems -- Fiction
Since that day, the curse of the bread-tax has alighted again and again
on that busy vale. Again has the landowner had the painful choice of
sinking from his rank at home or going abroad to preserve it. Again has
the farmer found himself, now marvellously rich, and now unaccountably
poor. Again has the manufacturer repined at having to surrender his
resources to support the burden of factitious pauperism,—to take too low
a place in the markets abroad in order that his agricultural neighbour
may be upheld in too high an one at home. Again has the corn-dealer
staked his all upon the chances of man’s caprice, with about as much
confidence as he would upon the cast of the die. Again gloom has brooded
over the dwellings of the poor, and evil passions have wrought there, in
proportion to the pressure of want,—the main spring of the vast
machinery of moral evil by which society is harrowed and torn. And as
often as a gleam of hope and present plenty has visited the cottage of a
long-suffering artizan, it has been clouded by the repinings of some
neighbour whose adversity has been, by ingenious methods of misrule,
made coincident with his prosperity. In this busy vale, as in every
valley of England inhabited by thinking men, there is one question still
for ever rising through the night air, and borne on the morning breeze,—
“How long?”—and on many a hill there are thinking men to take up the
inquiry, and echo “HOW LONG?”
_Summary of Principles illustrated in this Volume._
As exchangeable value is ultimately determined by the cost of
production, and as there is an incessant tendency to an increase in the
cost of producing food, (inferior soils being taken into cultivation as
population increases,) there is a perpetual tendency in the exchangeable
value of food to rise, however this tendency may be temporarily checked
by accidents of seasons, and by improvements in agricultural arts.
As wages rise (without advantage to the labourer) in consequence of a
rise in the value of food, capitalists must either sell their
productions dearer than is necessary where food is cheaper, or submit to
a diminution of their profits.
Under the first alternative, the capitalist is incapacitated for
competition with the capitalists of countries where food is cheaper:
under the second, the capital of the country tends, through perpetual
diminution, to extinction.
Such is the case of a thickly-peopled country depending for food wholly
on its own resources.
There are many countries in the world where these tendencies have not
yet shown themselves; where there is so much fertile land, that the cost
of producing food does not yet increase; and where corn superabounds, or
would do so, if there was inducement to grow it.
Public-domain text, read in full here on John Shaqi.
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