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
The PROTECTIONIST: "But all its _value_ is in the labor it
has cost. I admit that Nature has assisted in the material formation
of wheat. I admit even that it may be exclusively her work; but
confess that I have controlled it by my labor; and when I sell you
some wheat, observe this well: that it is not the work of _Nature_ for
which I make you pay, but _my own_; and, on your supposition,
manufactured articles would be no more the product of labor than
agricultural ones. Does not the manufacturer, too, rely upon Nature to
second him? Does he not avail himself of the weight of the atmosphere
in aid of the steam-engine, as I avail myself of its humidity in aid
of the plough? Did he create the laws of gravitation, of correlation
of forces, of affinities?"
The RAW-MATERIALIST: "Come, let the wool go too. But coal is
assuredly the work, and the exclusive work, of Nature, _unaided by any
human labor_."
The PROTECTIONIST: "Yes, Nature made coal, but _labor_ makes
its value. Coal had no _value_ during the thousands of years during
which it was hidden, unknown, a hundred feet below the soil. It was
necessary to look for it there--that is a _labor_: it was necessary to
transport it to market; that is another _labor_: and once more, the
price which you pay for it in the market is nothing else than the
remuneration for these labors of digging and transportation."
We see that thus far the protectionist has all the advantage on his
side; that the value of raw material, as well as that of manufactured
material, represents the expense of production, that is to say, of
_labor_; that it is impossible to conceive of a material possessed of
value while totally unindebted to human labor; that the distinction
which the raw-materialists make is wholly futile, in theory; that, as
a basis for an unequal division of _favors_, it would be iniquitous in
practice; because the result would be that one-third of the people,
engaged in manufactures, would obtain the sweets of monopoly, for the
reason that they produced _by labor_, while the other two-thirds,
that is to say the agriculturists, would be abandoned to competition,
under pretext that they produced without labor.
It will be urged that it is of more advantage to a nation to import
the materials called raw, whether they are or are not the product of
labor, and to export manufactured articles.
This is a strongly accredited opinion.
"The more abundant raw materials are," said the petition from
Bordeaux, "the more manufactories are multiplied and extended." It
said again, that "raw material opens an unlimited field of labor to
the inhabitants of the country from which it is imported."
Public-domain text, read in full here on John Shaqi.
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