What Is Free Trade?: An Adaptation of Frederic Bastiat's "Sophismes Éconimiques" Designed for the American ReaderBastiat, Frédéric
General
What Is Free Trade?: An Adaptation of Frederic Bastiat's "Sophismes Éconimiques" Designed for the American Reader
Bastiat, Frédéric
Free trade; Tariff -- United States
If we suppose for the moment, that the common and daily profits of
each American amount to one dollar, it will indisputably follow that
to produce an orange by _direct_ labor in America, one day's work, or
its equivalent, will be requisite; whilst to produce the cost of a
Portuguese orange, only one-hundredth of this day's labor is required;
which means simply this, that the sun does at Lisbon what labor does
at New York. Now is it not evident, that if I can produce an orange,
or, what is the same thing, the means of buying it, with one-hundredth
of a day's labor, I am placed exactly in the same condition as the
Portuguese producer himself, excepting the expense of the
transportation? It therefore follows that freedom of commerce
equalizes the conditions of production direct or indirect, as much as
it is possible to equalize them; for it leaves but the one inevitable
difference, that of transportation.
I will add that free trade equalizes also the facilities for attaining
enjoyments, comforts, and general consumption; the last, an object
which is, it would seem, quite forgotten, and which is nevertheless
all-important; since, in fine, consumption is the main object of all
our industrial efforts. Thanks to freedom of trade, we would enjoy
here the results of the Portuguese sun, as well as Portugal itself;
and the inhabitants of New York would have in their reach, as well as
those of London, and with the same facilities, the advantages which
nature has in a mineralogical point of view conferred upon Cornwall.
5. _Countries least favored by nature (countries not yet cleared of
forests, for example) are those which profit most by mutual exchange._
The protectionists may suppose me in a paradoxical humor, for I go
further still. I say, and I sincerely believe, that if any two
countries are placed in unequal circumstances as to advantages of
production, _the one of the two which is the less favored by nature,
will gain more by freedom of commerce_. To prove this, I will be
obliged to turn somewhat aside from the form of reasoning which
belongs to this work. I will do so, however; first, because the
question in discussion turns upon this point; and again, because it
will give me the opportunity of exhibiting a law of political economy
of the highest importance, and which, well understood, seems to me to
be destined to lead back to this science all those sects which, in our
days, are seeking in the land of chimeras that social harmony which
they have been unable to discover in nature. I speak of the law of
consumption, which the majority of political economists may well be
reproached with having too much neglected.
Consumption is the _end_, the final cause of all the phenomena of
political economy, and, consequently, in it is found their final
solution.
Public-domain text, read in full here on John Shaqi.
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