What Is Free Trade?: An Adaptation of Frederic Bastiat's "Sophismes Éconimiques" Designed for the American Reader — John Shaqi
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
No effect, whether favorable or unfavorable, can be vested permanently
in the producer. His advantages and disadvantages, derived from his
relations to nature and to society, both pass gradually from him; and
by an almost insensible tendency are absorbed and fused into the
community at large--the community considered as consumers. This is an
admirable law, alike in its cause and its effects; and he who shall
succeed in making it well understood, will have a right to say, "I
have not, in my passage through the world, forgotten to pay my tribute
to society."
Every circumstance which favors the work of production is of course
hailed with joy by the producer, for its _immediate effect_ is to
enable him to render greater services to the community, and to exact
from it a greater remuneration. Every circumstance which injures
production, must equally be the source of uneasiness to him; for its
_immediate effect_ is to diminish his services, and consequently his
remuneration. This is a fortunate and necessary law of nature. The
immediate good or evil of favorable or unfavorable circumstances must
fall upon the producer, in order to influence him invisibly to seek
the one and to avoid the other.
Again: when an inventor succeeds in his labor-saving machine, the
_immediate_ benefit of this success is received by him. This again is
necessary, to determine him to devote his attention to it. It is also
just; because it is just that an effort crowned with success should
bring its own reward.
But these effects, good and bad, although permanent in themselves, are
not so as regards the producer. If they had been so, a principle of
progressive and consequently infinite inequality would have been
introduced among men. This good, and this evil, both therefore pass
on, to become absorbed in the general destinies of humanity.
How does this come about? I will try to make it understood by some
examples.
Let us go back to the thirteenth century. Men who gave themselves up
to the business of copying, received for this service _a remuneration
regulated by the general rate of the profits_. Among them is found
one, who seeks and finds the means of rapidly multiplying copies of
the same work. He invents printing. The first effect of this is, that
the individual is enriched, while many more are impoverished. At the
first view, wonderful as the discovery is, one hesitates in deciding
whether it is not more injurious than useful. It seems to have
introduced into the world, as I said above, an element of infinite
inequality. Guttenberg makes large profits by this invention, and
perfects the invention by the profits, until all other copyists are
ruined. As for the public--the consumer--it gains but little, for
Guttenberg takes care to lower the price of books only just so much as
is necessary to undersell all rivals.
Public-domain text, read in full here on John Shaqi.
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