(5.) The neglect of cultivation Your Free Trade prophets, Bright
and improvement, the fall and Gladstone, are unceasing
in the real price of any in their endeavours to destroy
part of the rude produce the landlord and diminish his
of the land ... tend to power of employing productive
lower the real rent of land, labour.
to reduce the real wealth
of the landlord, to diminish
his power of purchasing
either the labour
or the produce of the
labour of other people.
(6.) The whole annual produce
of the land and labour of
every country constitutes
a revenue to three different
orders of people,
--to:--
1. Those who live by rent.
2. Those who live by wages.
3. Those who live by profit.
The interest of the first
of these three great orders
is strictly and inseparably
connected with the general
interests of the society.
_Whatever either promotes Free trade obstructs the
or obstructs the one, promotes interests of the first of
or obstructs the other._ these three great orders, and
necessarily obstructs the
general interests of the
nation at large.
(7.) The interest of this third Free trade has emanated from
order has not the same this order.
connection with the
general interest of the
society as that of the
other two.
_Merchants and Master
Manufacturers_ are, in this
order, the two classes of
people who commonly employ
the largest capitals.
(8.) The proposal of any new If attention had only been paid
law or regulation of commerce, to Adam Smith’s warning, we
which comes from should not now have to mourn
this order, ought always the decadence of England’s
to be listened to with great industries.
precaution, and ought
never to be adopted till
after having been long and
carefully examined, not
only with the most scrupulous,
but with the most
suspicious, attention.
Public-domain text, read in full here on John Shaqi.
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