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
And then the conclusion is drawn, that the best custom-house
regulation would be that which should give the utmost possible
facility to the entry of _raw material_, and oppose the greatest
obstacles to articles which have received their first manipulation by
labor.
No sophism of political economy is more widely spread than the
foregoing. It supports not only the protectionists, but, much more,
and above all, the pretended liberalists. This is to be regretted; for
the worst which can happen to a good cause is not to be severely
attacked, but to be badly defended.
Commercial freedom will probably have the fate of all freedom; it will
not be introduced into our laws until after it has taken possession of
our minds. But if it be true that a reform must be generally
understood, in order that it may be solidly established, it follows
that nothing can retard it so much as that which misleads public
opinion; and what is more likely to mislead it than those writings
which seem to favor freedom by upholding the doctrines of monopoly?
Several years ago, three large cities of France--Lyons, Bordeaux, and
Havre--were greatly agitated against the restrictive policy. The
nation, and indeed all Europe, was moved at seeing a banner raised,
which they supposed to be that of free trade. Alas! it was still the
banner of monopoly; of a monopoly a little more niggardly, and a great
deal more absurd, than that which they appeared to wish to overturn.
Owing to the sophism which we are about to unveil, the petitioners
merely reproduced the doctrine of _protection to national labor_,
adding to it, however, another folly.
What is, in effect, the prohibitive system? Let us listen to the
protectionist: "Labor constitutes the wealth of a people, because it
alone creates those material things which our necessities demand, and
because general comfort depends upon these."
This is the principle.
"But this abundance must be the product of _national labor_. Should it
be the product of foreign labor, national labor would stop at once."
This is the mistake. (See the close of the last chapter.)
"What shall be done, then, in an agricultural and manufacturing
country?"
This is the question.
"Restrict its market to the products of its own soil, and its own
industry."
This is the end proposed.
"And for this end, restrain by prohibitive duties the entrance of the
products of the industry of other nations."
These are the means.
Let us reconcile with this system that of the petition from Bordeaux.
It divided merchandise into three classes:
"The first includes articles of food, and _raw material free from all
human labor. A wise economy would require that this class should not
be taxed_."
Here there is no labor; consequently no protection.
"The second is composed of articles which have undergone _some
preparation_. This preparation warrants us _in charging it with some
tax_."
Here protection commences, because, according to the petitioners,
_national labor_ commences.
Public-domain text, read in full here on John Shaqi.
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