The Works of the Right Honourable Edmund Burke, Vol. 05 (of 12)Burke, Edmund
History
The Works of the Right Honourable Edmund Burke, Vol. 05 (of 12)
Burke, Edmund
Great Britain -- Politics and government -- 1760-1820; Political science -- Early works to 1800
But the excellence of the method on a proper soil, and conducted by
husbandmen, of whom there are few, being readily granted, how, and on
what conditions, is this culture obtained? Why, by a very great increase
of labor: by an augmentation of the third part, at least, of the
hand-labor, to say nothing of the horses and machinery employed in
ordinary tillage. Now every man must be sensible how little becoming the
gravity of legislature it is to encourage a board which recommends to
us, and upon very weighty reasons unquestionably, an enlargement of the
capital we employ in the operations of the hand, and then to pass an act
which taxes that manual labor, already at a very high rate,--thus
compelling us to diminish the quantity of labor which in the vulgar
course we actually employ.
What is true of the farmer is equally true of the middle-man,--whether
the middle-man acts as factor, jobber, salesman, or speculator, in the
markets of grain. These traders are to be left to their free course;
and the more they make, and the richer they are, and the more largely
they deal, the better both for the farmer and consumer, between whom
they form a natural and most useful link of connection,--though by the
machinations of the old evil counsellor, _Envy_, they are hated and
maligned by both parties.
I hear that middle-men are accused of monopoly. Without question, the
monopoly of authority is, in every instance and in every degree, an
evil; but the monopoly of capital is the contrary. It is a great
benefit, and a benefit particularly to the poor. A tradesman who has but
a hundred pound capital, which (say) he can turn but once a year, cannot
live upon a _profit_ of ten per cent, because he cannot live upon ten
pounds a year; but a man of ten thousand pounds capital can live and
thrive upon five per cent profit in the year, because he has five
hundred pounds a year. The same proportion holds in turning it twice or
thrice. These principles are plain and simple; and it is not our
ignorance, so much as the levity, the envy, and the malignity of our
nature, that hinders us from perceiving and yielding to them: but we are
not to suffer our vices to usurp the place of our judgment.
Public-domain text, read in full here on John Shaqi.
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