[Sophisms of the Protectionists by Frederic Bastiat]@TWC D-Link bookSophisms of the Protectionists PART I 6/107
To put this theory into practice, and in order to favor each class of labor, an artificial scarcity is forced in every kind of production, by prohibition, restriction, suppression of machinery, and other analogous measures. In the same manner it is observed that when an article is abundant it brings a small price.
The gains of the producer are, of course, less.
If this is the case with all produce, all producers are then poor. Abundance then ruins society.
And as any strong conviction will always seek to force itself into practice, we see, in many countries, the laws aiming to prevent abundance. This sophism, stated in a general form, would produce but a slight impression.
But when applied to any particular order of facts, to any particular article of industry, to any one class of labor, it is extremely specious, because it is a syllogism which is not _false_, but _incomplete_.
<<Back Index Next>> D-Link book Top TWC mobile books
|