The Forgotten Man, and Other EssaysSumner, William Graham
Science
The Forgotten Man, and Other Essays
Sumner, William Graham
Economics; Social sciences
139. The truth is that protectionism demoralizes and miseducates a
people (§§ 89, 153, 155). It deprives them of individual self-reliance
and energy, and teaches them to seek crafty and unjust advantages. It
breaks down the skill of great merchants and captains of industry,
and develops the skill of lobbyists. It gives faith in monopoly,
combinations, jobbery, and restriction, instead of giving faith in
energy, free enterprise, public purity, and freedom. Illustrations of
this occur all the time. Objection has been made to the introduction
of machines to stop the smoke nuisance because they would interfere in
the competition of anthracite and bituminous coal. People have resisted
the execution of ordinances against gambling houses because said houses
“make trade” for their neighbors. The theater men recently made an
attempt to get regulations adopted against skating rinks--purely on
moral grounds. The industries of the country all run to the form of
combinations.[25] Our wisdom is developed, not in the great art of
production, but in the tactics of managing a combination, and while we
sustain all the causes and all the great principles of this system of
business we denounce “monopoly” and “corporations.”
(_S_) THAT A “WORKER MAY GAIN MORE BY HAVING HIS INDUSTRY PROTECTED
THAN HE WILL LOSE BY HAVING TO PAY DEARLY FOR WHAT HE CONSUMES.
A SYSTEM WHICH RAISES PRICES ALL ROUND--LIKE THAT IN THE UNITED
STATES AT PRESENT--IS OPPRESSIVE TO CONSUMERS, BUT IS MOST
DISADVANTAGEOUS TO THOSE WHO CONSUME WITHOUT PRODUCING ANYTHING,
AND DOES LITTLE, IF ANY, INJURY TO THOSE WHO PRODUCE MORE THAN THEY
CONSUME.”
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.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account