The Forgotten Man, and Other EssaysSumner, William Graham
Science
The Forgotten Man, and Other Essays
Sumner, William Graham
Economics; Social sciences
71. Such is the action of protectionism. The protectionists make much
of their pretended “nationalism,” and they try to reason out some
kind of relationship between the scope of economic forces and the
boundaries of existing nations. The argumentation is fatally broken
at its first step. They do not show what they might show, _viz._,
that the scope of economic forces on any given stage of the arts does
form economic units. An English county was such a unit a century ago.
I doubt if anything less than the whole earth could be considered
so to-day, when the wool of Australia, the hides of South America,
the cotton of Alabama, the wheat of Manitoba, and the meat of Texas
meet the laborers in Manchester and Sheffield, and would meet the
laborers in Lowell and Paterson, if the barriers were out of the way.
But what the national protectionist would need to show would be that
the economic unit coincides with the political unit. He would have to
affirm that Maine and Texas are in one economic unit, but that Maine
and New Brunswick are not; or that Massachusetts and Minnesota are in
one economic unit, but that Massachusetts and Manitoba are not. Every
existing state is a product of historic accidents. Mr. Jefferson set
out to buy the city of New Orleans. He awoke one morning to find that
he had bought the western half of the Mississippi Valley. Since that
turned out so, the protectionists think that Missouri and Illinois
prosper by trading in perfect freedom.[6] If it had not turned out
so, it would have been very mischievous for them to trade in perfect
freedom. Nova Scotia did not join the revolt of our thirteen colonies.
Hence it is thought ruinous to let coal and potatoes come in freely
from Nova Scotia. If she had revolted with us, it would have been for
the benefit of everybody in this union to trade with her as freely
as we now trade with Maine. We tried to conquer Canada in 1812–1813
and failed. Consequently the Canadians now put taxes on our coal and
petroleum and wheat, and we put taxes on their lumber, which our coal
and petroleum industries need. We did annex Texas, at the cost of war,
in 1845. Consequently we trade with Texas now under absolute freedom,
but, if we trade with Mexico, it must be only very carefully and under
stringent limitations. Is this wisdom, or is it all pure folly and
wrongheadedness, by which men who boast of their intelligence throw
away their own chances?[7]
72. _Trade is a beneficent thing._ It does not need any regulation or
restraint. There is no point at which it begins to be dangerous. It is
mutually beneficent. If it ceases to be so, it ceases entirely, because
he who no longer gains by it will no longer carry it on. (See § 125.)
2. _PROTECTIONISM IS AT WAR WITH IMPROVEMENT._
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account