Illustrations of political economy, Volume 9 (of 9)Martineau, Harriet
General
Illustrations of political economy, Volume 9 (of 9)
Martineau, Harriet
Didactic fiction, English; Political fiction, English; Social problems -- Fiction
may be long before we can overcome the contempt of the nation, and
make them forget that some of our politicians were traders: but we
have the interests of the Chinese in our favour. They will import
according to their needs; more of our weavers and cutlers will have
money to buy tea with, and they will get more tea for their money;
and no one can tell what new classes of productions may become
common when the messengers of these two mighty empires shall go to
and fro, and knowledge shall be increased.
Such are a few of the specimens which might be adduced of the
mischiefs wrought in one hemisphere by interference with commerce.
“To all things there cometh an end;” to all unjust and foolish
things, at least. We are now in possession of so ample a stock of
experience, that the day cannot be far off when all customs duties
shall be repealed but those which are necessary for the purposes of
revenue. There will be some half-objectors left; some importers who
will admit the impolicy of protections of all articles but the one
in which they happen to deal. Mr. Huskisson was pathetically
appealed to to protect green glass bottles; and a last struggle may
be tried with another minister in favour of liquorice or coral
beads; but an immense majority of every civilised people are verging
towards a mutual agreement to give, in order that to each may be
given “full measure, pressed down, and shaken together, and running
over.” Such is the plenty in which God showers his gifts among us;
and such is the measure in which he would have us yield each to the
other.
The countries of the world differ in their facilities for producing
the comforts and luxuries of life.
The inhabitants of the world agree in wanting or desiring all the
comforts and luxuries which the world produces.
These wants and desires can be in no degree gratified but by means
of mutual exchanges. They can be fully satisfied only by means of
absolutely universal and free exchanges.
By universal and free exchange,—that is, by each person being
permitted to exchange what he wants least for what he wants most,—an
absolutely perfect system of economy of resources is established;
the whole world being included in the arrangement.
The present want of agreement in the whole world to adopt this
system does not invalidate its principle when applied to a single
nation. It must ever be the interest of a nation to exchange what it
wants little at home for what it wants more from abroad. If denied
what it wants most, it will be wise to take what is next best; and
so on, as long as anything is left which is produced better abroad
than at home.
In the above case, the blame of the deprivation rests with the
prohibiting power; but the suffering affects both the trading
nations,—the one being prevented getting what it wants most,—the
other being prevented parting with what it wants least.
Public-domain text, read in full here on John Shaqi.
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