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
By a regular importation of corn, the proper check is provided
against capital being wasted on inferior soils; and this capital is
directed towards manufactures, which bring in a larger return of
food from abroad than could have been yielded by those inferior
soils. Labour is at the same time directed into the most profitable
channels. Any degree of restriction on this natural direction of
labour and capital is ultimately injurious to every class of the
community,—to land-owners, farming and manufacturing capitalists,
and labourers.
Labourers suffer by whatever makes the prime necessary of life dear
and uncertain in its supply, and by whatever impairs the resources
of their employers.
Manufacturing capitalists suffer by whatever tends needlessly to
check the reciprocal growth of capital and population, to raise
wages, and disable them for competition abroad.
Farming capitalists suffer by whatever exposes their fortunes to
unnecessary vicissitude, and tempts them to an application of
capital which can be rendered profitable only by the maintenance of
a system which injures their customers.
Landowners suffer by whatever renders their revenues fluctuating,
and impairs the prosperity of their tenants, and of the society at
large on which the security of their property depends.
As it is the interest of all classes that the supply of food should
be regular and cheap, and as regularity and cheapness are best
secured by a free trade in corn, it is the interest of all classes
that there should be a free trade in corn.
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The duty of government being to render secure the property of its
subjects, and their industry being their most undeniable property,
all interference of government with the direction and the rewards of
industry is a violation of its duty towards its subjects.
Such interference takes place when some are countenanced by
legislation in engrossing labours and rewards which would otherwise
be open to all; as in the case of privileged trading corporations;—
When arbitrary means of preparation are dictated as a condition of
the exercise of industry, and the enjoyment of its fruits,—as in the
case of the apprenticeship law;—
When labourers are compelled to a species of labour which they would
not have chosen,—as in the case of the impressment of seamen.
The same duty—of securing the free exercise of industry—requires
that companies should be privileged to carry on works of public
utility which are not within the reach of individual enterprise,—as
in the case of roads, canals, bridges, &c.; and also,
That the fruits of rare ingenuity and enterprise should be secured
to the individual,—according to the design of our patent law.
In the first-mentioned instances of interference, the three great
evils arise of
The restraint of fair competition in some cases;
The arbitrary increase of competition in other cases;
Public-domain text, read in full here on John Shaqi.
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