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On the question of monopolies and exploitation, though we hear a great deal of the growth of capitalistic organisation, in fact we find that, of the three greatest industrial countries in the world, Great Britain is the least trust-ridden, mainly because of its free trade system.
Every one knew that there would be questions raised about unpopular patents and oppressive monopolies, and about their legality; and it was pretty well agreed upon at Court that they should be given up as soon as complained of. But Bacon was not implicated more than the Crown lawyers before him, in what all the Crown lawyers had always defended.
The same doom awaits all monopolies and attempts to interfere with the free exercise of any lawful trade or calling, for the advantage of a ring of any kind, whether it be a great East India Company, shutting the gates of Eastern commerce on mankind, or a little Bricklayers' Union, limiting the number of bricks to be carried in a hod.
The payment of unearned income to property holders and the creation of monopolies enables this class to live on rent, interest and profit in proportion to their ownership. As parasitism increases and multiplies it proves to be a dead weight which eventually drags down any economy that tolerates it.
Independently of these monopolies, there are exports of merchandise of a special character, and requiring a special permission from the Sultan, such as grains and beasts of burden; and, if we may be permitted, bipeds, or Jews and Jewesses. His Imperial Highness has absolute need of Jews to carry on the commerce of the country.
How it will be finally settled, no one can predict; perhaps through a series of compromises, with ever lessening restriction, until the millennial dream of universal free trade shall become practicable. Protection has good points and bad ones. While it stimulates manufactures, it also creates monopolies and widens the distinctions between the rich and the poor.
Moreover, selfishness is never consistent, because it does not respect the selfishness of others; and England, at the same time that she was maintaining her own trade monopolies, was illicitly undermining the similar monopolies of other nations. She promoted smuggling in the Spanish West Indies, and made might right in all her dealings with foreign peoples.
But the cruellest of our revenue laws, I will venture to affirm, are mild and gentle, in comparison to some of those which the clamour of our merchants and manufacturers has extorted from the legislature, for the support of their own absurd and oppressive monopolies. Like the laws of Draco, these laws may be said to be all written in blood.
Actuated by a desire for the perpetual subjugation of the Chinese, and a vicious craving for aggrandizement and wealth, the Manchus have governed the country to the lasting injury and detriment of the people, creating privileges and monopolies, erecting about themselves barriers of exclusion, national custom, and personal conduct, which have been rigorously maintained for centuries.
There is the tariff question. Can the tariff question be decided in favor of the people, so long as the monopolies are the chief counselors at Washington? There is the currency question. Are we going to settle the currency question so long as the government listens only to the counsel of those who command the banking situation? Then there is the question of conservation.
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