The Forgotten Man, and Other EssaysSumner, William Graham
Science
The Forgotten Man, and Other Essays
Sumner, William Graham
Economics; Social sciences
85. Now what is it all for? What is it all about? Napoleon Bonaparte
began it in a despotic whim, when he determined to force the production
of beet-root sugar to show that he did not care for the supremacy of
England at sea which cut him off from the sugar islands. In order not
to lose the capital engaged in the industry, protection was continued.
But this led to putting more capital into it and further need of
protection. The problem has tormented financiers for seventy-five
years. There are two natural products, of which the cane is far
richer in sugar. But the processes of the beet-sugar industry have
been improved, until recently, far more rapidly than those of the
cane industry. Then the refining is a separate interest. If, then,
a country has cane-sugar colonies which it wants to protect against
other colonies, and a beet-sugar industry which it wants to protect
against neighbors who produce beet-sugar, and refiners to be protected
against foreign refiners, and if the relations of its own colonial
cane-sugar producers to its own domestic beet-sugar producers must
be kept satisfactorily adjusted, in spite of changes in processes,
transportation, and taxation, and if it wants to get a revenue from
sugar, and to use the colonial trade to develop its shipping, and if
it has two or three commercial treaties in which sugar is an important
item, the statesman of that country has a task like that of a juggler
riding several horses and keeping several balls in motion. Sugar is the
commodity on which the effects of a world-embracing commerce, produced
by modern inventions, are most apparent, and it is the commodity
through which all the old protectionist anti-commercial doctrines will
be brought to the most decisive test.
(_C_) FORCED FOREIGN RELATIONS TO REGULATE IMPROVEMENT WHICH CAN NO
LONGER BE DEFEATED.
Public-domain text, read in full here on John Shaqi.
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