Possibly, Sir, you will make me one concession; you will say to me,
perhaps, the system of Protection rests on the principle of Communism.
It is contrary to right, to property, to liberty; it throws the
government out of its proper road, and invests it with arbitrary powers,
which have no rational origin. All this is but too true; but the system
of Protection is useful; without it the country, yielding to foreign
competition, would be ruined.
This would lead us to the examination of Protection in the economical
point of view. Putting aside all consideration of justice, of right, of
equity, of property, of liberty, we should have to resolve the question
into one of pure utility, the money question, so to speak; but this, you
will admit, does not properly fall within my subject. Take care that,
availing yourself of expediency in order to justify your contempt of
the principle of right is as if you said, 'Communism or spoliation,
condemned by justice, can, nevertheless, be admitted as an expedient,'
and you must admit that such an avowal is replete with danger.
Without seeking to solve in this place the economical problem, allow me
to make one assertion. I affirm that I have submitted to arithmetical
calculation the advantages and the inconveniences of Protection,
from the point of view of mere wealth, and putting aside all higher
considerations. I affirm, moreover, that I have arrived at this
result: that all restrictive measures produce one advantage and two
inconveniences, or, if you will, one profit and two losses, each of
these losses equal to the profit, from which results one pure distinct
loss, which circumstance brings with it the encouraging conviction, that
in this, as in many other things, and I dare say in all, expediency and
justice agree.
This is only an assertion, it is true, but it can be supported by proofs
of mathematical accuracy.*
Public-domain text, read in full here on John Shaqi.
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