Tom Watson's Magazine, Vol. I, No. 4, June 1905Various
General
Tom Watson's Magazine, Vol. I, No. 4, June 1905
Various
United States -- Politics and government -- Periodicals
A. Argument is superfluous here. The very word Protection is an
assumption that meets all our requirements. It forecloses argument and
shuts off dispute. Who doesn’t wish to be “protected”? And how charming
it sounds to say we are protected from burglars, from enemies and from
the horrors of trade—that is, trade with a foreigner. It must be always
understood that if you could stand near the Canada or Mexico boundary and
make a good bargain on the other side—say, the purchase of a horse for
fifty dollars less than you could purchase him in your own country—you
would inflict upon yourself and your country just so much loss. But if
you buy the horse here at a price higher by fifty dollars, or over a
tariff, with the fifty dollars added, you enrich both yourself and your
country. On this doctrine, which is our fundamental one, we must and can
stake everything, and against it the frothy waves of Free Trade will beat
in vain.
Q. Why is not Free Trade also a felicitous term?
A. Things that are in themselves good, and that are made free and
abundant, are, we must admit, generally to be approved. Abundant health
or abundant friendship or abundant money we have not yet thought it
wise to consider objectionable. But there are exceptions to all rules.
Abundant trade—or Free Trade—which is trade done voluntarily by shrewd
and sane men in order to procure abundant money, is different. To have
it otherwise would upset our whole system of philosophy. What was this
land of the free made for, if its main purpose were not to put shackles
on trade? What we want is to eat our own cake and have it too; to sell
everything we can to foreigners and buy nothing from them, and finally to
get fat by stewing in our own juice.
The term Free Trade—to refer to the original question—is now so
asphyxiated by us, by our contempt of it, that it suggests a Pandora’s
box of horrors the moment we mention it. To speak of it in this
contemptuous way is really one of our strong arguments. What we want is
to scream it out as a horror, to make it a bugbear. It is like telling
children of some dreadful bogy lying in wait for them in the dark, or
like Dr. Johnson’s experiment with the fishwoman of Billingsgate, when
he called her a hypothenuse, a triangle, a parallelopipedon, and several
other mathematical things of which she had not the faintest knowledge and
which she consequently supposed were very bad.
No, whatever else we do, let us stick to our insistent and persistent
screech against Free Trade.
_Monopoly; The Power Behind the Trust_
BY JOSEPH DANA MILLER
Public-domain text, read in full here on John Shaqi.
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