The Wheel Of Wealth; Being A Reconstruction Of The Science And Art Of Political Economy On The…

Paperback | February 9, 2012

byJohn Beattie Crozier

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1906 Excerpt: ... CHAPTER XII. FREE TRADE versus PROTECTION. POLITICS AND CIVILIZATION. YPHE first position I am anxious to advance in this important controversy is this, that the millennium of a universal Free Trade which is the ideal and consummation of economic powers and opportunities, and in which all the nations united as brothers shall co-operate in the work of each, and each in that of all, will be hastened rather than retarded by each nation in the meantime, and as preparatory to it, developing its own resources to the utmost, precisely as if no other nation but itself existed in the world. And this it can do only by protecting at all costs those instruments of production,--whether its land, its mines, its natural products, its special manufacturing capabilities, its facilities for transport, or what not,--which, as we have already seen, are its permanent economic assets, its very life blood in short, and which, like Othello's handkerchief, to barter, part with, or give away, 'were such perdition as nothing else could match.' And the reason is obvious. For the difference between thus protecting its own patrimony, and throwing it open to the incursions of all the world as Free Trade would do, would be economically the same as between enclosing the separate fields of a farm by fences, and throwing them open like a public common for horses and cattle, wayfarers, holiday makers, and robbers, all alike to enter and destroy, or to pluck up by the roots what had been sown or planted, before they had time to grow and ripen. It would be the same as the difference between a social regime of separate marriages with their children and homes, where the virtues and strengths of each individual member are nurtured, protected, and developed to their highest possible extent, and cas...

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1906 Excerpt: ... CHAPTER XII. FREE TRADE versus PROTECTION. POLITICS AND CIVILIZATION. YPHE first position I am anxious to advance in this import...

Format:PaperbackDimensions:162 pages, 9.69 × 7.44 × 0.35 inPublished:February 9, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217287115

ISBN - 13:9780217287111

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