What Is Free Trade? - An Adaptation of Frederic Bastiat's "Sophismes Éconimiques" Designed for the American Reader by Frédéric Bastiat
page 33 of 142 (23%)
page 33 of 142 (23%)
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_immediate_ benefit of this success is received by him. This again is
necessary, to determine him to devote his attention to it. It is also just; because it is just that an effort crowned with success should bring its own reward. But these effects, good and bad, although permanent in themselves, are not so as regards the producer. If they had been so, a principle of progressive and consequently infinite inequality would have been introduced among men. This good, and this evil, both therefore pass on, to become absorbed in the general destinies of humanity. How does this come about? I will try to make it understood by some examples. Let us go back to the thirteenth century. Men who gave themselves up to the business of copying, received for this service _a remuneration regulated by the general rate of the profits_. Among them is found one, who seeks and finds the means of rapidly multiplying copies of the same work. He invents printing. The first effect of this is, that the individual is enriched, while many more are impoverished. At the first view, wonderful as the discovery is, one hesitates in deciding whether it is not more injurious than useful. It seems to have introduced into the world, as I said above, an element of infinite inequality. Guttenberg makes large profits by this invention, and perfects the invention by the profits, until all other copyists are ruined. As for the public--the consumer--it gains but little, for Guttenberg takes care to lower the price of books only just so much as is necessary to undersell all rivals. But the great Mind which put harmony into the movements of celestial |
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