Labour policy—false and true : $b A study in economic history and industrial economicsMacassey, Lynden Livingston
History
Labour policy—false and true : $b A study in economic history and industrial economics
Macassey, Lynden Livingston
Industrial policy -- Great Britain; Labor economics -- Great Britain; Labour Party (Great Britain)
This being so, Labour favours the free
importation of all foreign goods, and their sale at rates as low as are
consistent with their manufacture under unsweated labour conditions in
their land of origin.
No Protective Tariffs
All tariffs, especially if differential, must, so Labour contends,
inevitably create international friction, retaliation, enmity, and
ultimately active hostilities, and are to be more especially discarded,
inasmuch as they are the favourite instrument of capitalistic groups
eager to make profits out of international ruptures. Labour accordingly
objects to the protection of key industries for purposes of national
safety. “It is impossible to make either the British Empire or the
British Isles self-contained or self-supporting. Even if practicable,
the policy of self-sufficiency would indicate a provocative intention
to maintain a national condition of perpetual preparation for war.”
Therefore, except so far as is necessary to avoid the spread of disease
or prevention of accidents, there must be no restriction on the transit
or importation of any commodity. Imperial preference is likewise rejected
as a selfish attempt to reserve for the inhabitants of the British Empire
the raw materials and markets of the Empire, a course incompatible with
any kind of lasting peace, having regard to the resentment it would
provoke amongst the nations excluded from participating in these raw
materials or from supplying our imperial markets. Labour calls for “the
open door” in all our Colonies and Dependencies, and in “non-adult
countries,” meaning by this term “exploitable countries” like China and
Africa. The position of the capitalist has been so undermined by Labour’s
attack at home that capital, in Labour’s opinion, is now making its
real profits and consolidating its power by expropriating natives, and
compelling them to work for low wages.
Freedom of International Trade
Public-domain text, read in full here on John Shaqi.
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