Emigration of productive labour is loss of capital. The Minister of War in France asserts that every individual transported to Algeria costs the State 8,000 francs.
Free trade encourages the immigration of productive labour to Protectionist countries.
(11.)
Industries carried on without profit, cause loss of capital and credit.
(12.)
It is demand only that causes labour and its produce to be wealth.[6]
Free trade purchases produce instead of employing labour.
(14.)
Capital employed on Foreign trade is less advantageously employed for society than on Home trade.[7]
(In extreme cases Adam Smith shows that capital might be twenty-four times more advantageously employed on Home than on Foreign trade.)
Free trade encourages Foreign and Carrying trade, rather than Home trade.
(15.)
Carrying trade is less advantageous than either Foreign or Home trade.[7]
(16.)
Interest on capital is natural, lawful, and consistent with the general good.[8]
(17.)
A struggle between capital and labour is the greatest evil that can be inflicted on society.[8]
Free trade leaders encourage a struggle between Labour and Capital, between Landlord and Tenant.
(18.)
Land let out for profit is the capital of the landlord.[9]
(19.)
The capital of the employers forms the revenue of the labourer.[10]
Free trade destroys the capital of the employer.
(20.)
Nothing can be more fatal than the cry against capital, so often unthinkingly uttered.[9]
Free trade leaders raise this cry against the capitalist landlord.
(21.)
Rent does not affect the price of agricultural produce.[9]
(22.)
It is to the interest of the labourer that there should be as many rich men as possible to compete for his labour.[9]
Mr. Bright says, that rich landlord capitalists are the squanderers of national wealth.
(23.)
Agriculture is the most advantageous employment of capital.[11]
Free trade has destroyed agriculture in England and Ireland.
(24.)
No equal capital puts in motion a greater quantity of productive labour than that of the farmer.[11]
(25.)
Cultivated land is more advantageous than pasture.[11] (It has been computed that wheat cultivation per acre, compared with pasture land, produces eight times the quantity of human food, and employs three times the amount of labour.)
Free trade leaders urge the substitution of pasture for wheat cultivation in England.
(26.)
The interests of the agricultural and manufacturing classes are inseparably connected with those of the whole community.
