The American Commercial Policy Three Historical Essays
The American Commercial Policy Three Historical Essays
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Digitized by VjOOQIC 246 THE AMERICAN COMMERCIAL POLICY essay ii In this period, therefore, the interests of capitalists and landed proprietors are in opposition, since free-trade aids the former in reducing the price of provisions, and hence in reduc- ing also the land rdnt accruing to the latter.^ These observations apply to old countries, and above all to Europe, where protectionism is chiefly agricultural, and where the protection of manufactures is therefore more difficult to explain, if i...t is not looked upon as a compensation granted to manufacturers for agrarian protection. In fact, free-trade must be — and has been in several countries for some time past — strenuously resisted by the landowners, whose interests it injures; and then the capitalists, whose condition becomes ever more critical with the enhancement of returns and the ceaseless diminution of profits owing to industrial depression, and who, moreover, are adversely affected by agricultural pro- tection, grasp at industrial protection as an lUtima ratio, for, by limiting production and accumulation, it tends, as we have already pointed out, to raise a last buttress against the fell of profits.
What to read after The American Commercial Policy Three Historical Essays?
You can find similar books in the "Read Also" column, or choose other free books by Rabbeno, Ugo, 1863-1897 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Digitized by VjOOQIC 246 THE AMERICAN COMMERCIAL POLICY essay ii In this period, therefore, the interests of capitalists and landed proprietors are in opposition, since free-trade aids the former in reducing the price of provisions, and hence in reduc- ing also the land rdnt accruing to the latter.^ These observations apply to old countries, and above all to Europe, where protectionism is chiefly agricultural, and where the protection of manufactures is therefore more difficult to explain, if i...t is not looked upon as a compensation granted to manufacturers for agrarian protection. In fact, free-trade must be — and has been in several countries for some time past — strenuously resisted by the landowners, whose interests it injures; and then the capitalists, whose condition becomes ever more critical with the enhancement of returns and the ceaseless diminution of profits owing to industrial depression, and who, moreover, are adversely affected by agricultural pro- tection, grasp at industrial protection as an lUtima ratio, for, by limiting production and accumulation, it tends, as we have already pointed out, to raise a last buttress against the fell of profits.
What to read after The American Commercial Policy Three Historical Essays?
You can find similar books in the "Read Also" column, or choose other free books by Rabbeno, Ugo, 1863-1897 to read onlineMoreLess
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