"3rdly. It robs society by the subtraction of its productive
forces; taking off from productive labor nineteen-twentieths of
the agents of trade who are mere parasites. Thus, not only does
commerce rob society by appropriating an exorbitant share of the
common wealth, but also by considerably diminishing the
productive energy of the human beehive. The great majority of
traders would return to productive work if a rational system of
commercial organization were substituted for the inextricable
chaos of the present state of things.
"4thly. It robs society by the _adulteration_ of products,
pushed at the present day beyond all bounds. And in fact, if a
hundred grocers establish themselves in a town where before
there were only twenty, it is plain that people will not begin
to consume five times as many groceries. Hereupon the hundred
virtuous grocers have to dispute between them the profits which
before were honestly made by the twenty; competition obliges
them to make it up at the expense of the consumer, either by
raising the prices as sometimes happens, or by adulterating the
goods as always happens. In such a state of things there is an
end to good faith. Inferior or adulterated goods are sold for
articles of good quality whenever the credulous customer is not
too experienced to be deceived. And when the customer has been
thoroughly imposed upon, the trading conscience consoles itself
by saying, 'I state my price; people can take or leave; no one
is obliged to buy.' The losses imposed on the consumers by the
bad quality or the adulteration of goods are incalculable.
Public-domain text, read in full here on John Shaqi.
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