Free Trade Not Proven in Seven Letters to the People of England
Free Trade Not Proven in Seven Letters to the People of England
Richard Oastler
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" Hence the imsoundness of that, so much vaunted, scheme of national regeneration. The paragraph to which I allude is most important. I will transcribe it, beseeching all who fancy that, the principle of free action (usually termed free trade) is consistent with the prosperity and peace of society, will read it with marked attention, asking themselves, in what cases a principle Avhich, if unrestrained, unregulated, " wovdd, in operation, dissolve the whole frame of society, " can be applied as ...a safe general rule of social government ? The important passage to which I refer is as follows : — " The general axiom of the economists, laissez-faire, is, as a purely economical lesson, of the highest importance to governments. But then it should be recollected, that it is purely economical ; that it disclaims all collateral moral considerations ; that it was laid down in face of the overwhelming mischiefs which had been caused by meddling governments, royal monopolies, ill-administered com- panies, and ignorant quacks.
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