A radical antagonism exists between the seller and the buyer.
The former wishes the article offered to be _scarce_, supply small, and
at a high price.
The latter wishes it _abundant_, supply large, and at a low price.
The laws, which should at least remain neutral, take part for the seller
against the buyer; for the producer against the consumer; for high
against low prices; for scarcity against abundance. They act, if not
intentionally at least logically, upon the principle that _a nation is
rich in proportion as it is in want of every thing_.
For, say they, it is necessary to favor the producer by securing him a
profitable disposal of his goods. To effect this, their price must be
raised; to raise the price the supply must be diminished; and to
diminish the supply is to create scarcity.
Let us suppose that at this moment, with these laws in full action, a
complete inventory should be made, not by value, but by weight, measure
and quantity, of all articles now in France calculated to supply the
necessities and pleasures of its inhabitants; as grain, meat, woollen
and cotton goods, fuel, etc.
Let us suppose again that to-morrow every barrier to the introduction of
foreign goods should be removed.
Then, to judge of the effect of such a reform, let a new inventory be
made three months hence.
Is it not certain that at the time of the second inventory, the
quantity of grain, cattle, goods, iron, coal, sugar, etc., will be
greater than at the first?
So true is this, that the sole object of our protective tariffs is to
prevent such articles from reaching us, to diminish the supply, to
prevent low prices, or which is the same thing, the abundance of goods.
Now I ask, are the people under the action of these laws better fed
because there is _less_ bread, _less_ meat, and _less_ sugar in the
country? Are they better dressed because there are _fewer_ goods? Better
warmed because there is _less_ coal? Or do they prosper better in their
labor because iron, copper, tools and machinery are scarce?
But, it is answered, if we are inundated with foreign goods and produce,
our coin will leave the country.
Well, and what matters that? Man is not fed with coin. He does not dress
in gold, nor warm himself with silver. What difference does it make
whether there be more or less coin in the country, provided there be
more bread in the cupboard, more meat in the larder, more clothing in
the press, and more wood in the cellar?
* * * * *
To Restrictive Laws, I offer this dilemma:
Either you allow that you produce scarcity, or you do not allow it.
If you allow it, you confess at once that your end is to injure the
people as much as possible. If you do not allow it, then you deny your
power to diminish the supply, to raise the price, and consequently you
deny having favored the producer.
You are either injurious or inefficient. You can never be useful.
II.
OBSTACLE--CAUSE.
Public-domain text, read in full here on John Shaqi.
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