Full of this reasoning, our headstrong fellow determined to change the
routine of his crops. He divided his farm into twenty parts. On one he
cultivated the olive; on another the mulberry; on a third flax; he
devoted the fourth to vines, the fifth to wheat, etc., etc. Thus he
succeeded in rendering himself _independent_, and furnished all his
family supplies from his own farm. He no longer received any thing from
the general circulation; neither, it is true, did he cast any thing into
it. Was he the richer for this course? No, for his land did not suit the
cultivation of the vine; nor was the climate favorable to the olive. In
short, the family supply of all these articles was very inferior to what
it had been during the time when the father had obtained them all by
exchange of produce.
With regard to the demand for labor, it certainly was no greater than
formerly. There were, to be sure, five times as many fields to
cultivate, but they were five times smaller. If oil was raised, there
was less wheat; and because there was no more flax bought, neither was
there any more rye sold. Besides, the farmer could not spend in wages
more than his capital, and his capital, instead of increasing, was now
constantly diminishing. A great part of it was necessarily devoted to
numerous buildings and utensils, indispensable to a person who
determines to undertake every thing. In short, the supply of labor
continued the same, but the means of paying becoming less, there was,
necessarily, a reduction of wages.
The result is precisely similar, when a nation isolates itself by the
prohibitive system. Its number of industrial pursuits is certainly
multiplied, but their importance is diminished. In proportion to their
number, they become less productive, for the same capital and the same
skill are obliged to meet a greater number of difficulties. The fixed
capital absorbs a greater part of the circulating capital; that is to
say, a greater part of the funds destined to the payment of wages. What
remains, ramifies itself in vain, the quantity cannot be augmented. It
is like the water of a pond, which, distributed in a multitude of
reservoirs, appears to be more abundant, because it covers a greater
quantity of soil, and presents a larger surface to the sun, while we
hardly perceive that, precisely on this account, it absorbs, evaporates,
and loses itself the quicker.
Public-domain text, read in full here on John Shaqi.
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