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
It is disadvantageous as impairing the resources of the dependency,
which are a part of the resources of the empire, and the very
material of the trade which is the object of desire.
If a colony is forbidden to buy of any but the mother-country, it
must do without some articles which it desires, or pay dear for
them;—it loses the opportunity of an advantageous exchange, or makes
a disadvantageous one. Thus the resources of the colony are wasted.
If a colony is forbidden to sell its own produce to any but the
mother-country, either the prohibition is not needed, or the colony
receives less in exchange from the mother-country than it might
obtain elsewhere. Thus, again, the resources of the colony are
wasted.
If a colony is forbidden either to buy of or sell to any but the
mother-country, the resources of the colony are wasted according to
both the above methods, and the colony is condemned to remain a poor
customer and an expensive dependency.
In proportion, therefore, as trade with colonies is distinguished
from trade with other places, by restrictions on buyers at home, or
on sellers in the colonies, that trade (involving the apparatus of
restriction) becomes an occasion of loss instead of gain to the
empire.
If restrictive interference be impolitic,—oppressive,—impious,
between empire and empire, it becomes absolutely monstrous when
introduced among the different classes of the same country. The
magistrates of a grazing county would do ill to prohibit intercourse
with the manufacturing, and agricultural, and mining districts
around; but much more oppressive and fatal would be the policy of a
city corporation which should make the resources of the city depend
on the will of the corn-dealers which it contained.—Such has been
the policy of the rulers of Britain; and side by side with this
restriction of the supply of food,—this abuse of capital,—may be
placed the curious perversion of labour which is caused not only by
the forcing of agriculture at the expense of manufactures, but by
the existence of exclusive and injurious privileges to trading
corporations, of certain ancient laws respecting apprenticeship, and
of the iniquitous practice of the impressment of seamen.
Public-domain text, read in full here on John Shaqi.
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