"Son of Heaven! you commit a blunder."
And the Emperor replied:
"Kouang, you talk nonsense."
But Kouang persisted, and said: "Sire, what is your object?"
"My object is to facilitate the transit of goods and passengers between Tchin and Tchan, to render carriage less expensive, in order that the people may have tea and clothing cheaper."
But Kouang was ready with his answer. He had received the night before several numbers of the Moniteur Industriel, a Chinese newspaper. Knowing his lesson well, he asked and obtained permission to reply, and after having prostrated himself nine times, he said:
"Sire, your object is, by increased facility of transit, to reduce the price of articles of consumption, and bring them within reach of the people; and to effect that, you begin by taking away from them all the employment to which the destruction of the canal had given rise. Sire, in political economy, nominal cheapness-" The Emperor: "I believe you are repeating by rote." Kouang: "True, Sire; and it will be better to read what I have to say." So, producing the Esprit Public, he read as follows: "In political economy, the nominal cheapness of articles of consumption is only a secondary question. The problem is to establish an equilibrium between the price of labour and that of the means of subsistence. The abundance of labour constitutes the wealth of nations; and the best economic system is that which supplies the people with the greatest amount of employment. The question is not whether it is better to pay four or eight cash for a cup of tea, or five or ten tales for a shirt. These are puerilities unworthy of a thinking mind. Nobody disputes your proposition. The question is whether it is better to pay dearer for a commodity you want to buy, and have, through the abundance of employment and the higher price of labour, the means of acquiring it; or whether, it is better to limit the sources of employment, and with them the mass of the national production--to transport, by improved means of transit, the objects of consumption, cheaper, it is true, but taking away at the same time from classes of our population the means of purchasing these objects even at their reduced price."
Seeing the Emperor still unconvinced, Kouang added, "Sire, deign to give me your attention. I have still another quotation from the Moniteur Industriel to bring under your notice."
But the Emperor said:
"I don't require your Chinese journals to enable me to find out that to create obstacles is to divert and misapply labour. But that is not my mission. Go and clear out the canal; and we shall reform the Customhouse afterwards."
And Kouang went away tearing his beard, and appealing to his God, "O Fo! take pity on thy people; for we have now got an Emperor of the English school, and I see clearly that in a short time we shall be in want of everything, for we shall no longer require to do anything."
VIII. POST HOC, ERGO PROPTER HOC.
This is the greatest and most common fallacy in reasoning.
Real sufferings, for example, have manifested themselves in England.*
* This was written in January 1848.--Translator.
These sufferings come in the train of two other phenomena:
1st, The reformed tariff;
2d, Two bad harvests in succession.
To which of these two last circumstances are we to attribute the first?
The protectionists exclaim:
It is this accursed free-trade which does all the harm. It promised us wonderful things; we accepted it; and here are our manufactures at a standstill, and the people suffering: Cum hoc, ergo propter hoc.
Free-trade distributes in the most uniform and equitable manner the fruits which Providence accords to human labour. If we are deprived of part of these fruits by natural causes, such as a succession of bad seasons, free-trade does not fail to distribute in the same manner what remains. Men are, no doubt, not so well provided with what they want; but are we to impute this to free-trade, or to the bad harvests?
Liberty acts on the same principle as insurances. When an accident, like a fire, happens, insurance spreads over a great number of men, and a great number of years, losses which, in the absence of insurance, would have fallen all at once upon one individual. But will any one undertake to affirm that fire has become a greater evil since the introduction of insurance?
In 1842, 1843, and 1844, the reduction of taxes began in England. At the same time the harvests were very abundant; and we are led to conclude that these two circumstances concurred in producing the unparalleled prosperity which England enjoyed during that period.
In 1845, the harvest was bad; and in 1846, worse still.
Provisions rose in price; and the people were forced to expend their resources on first necessaries, and to limit their consumption of other commodities. Clothing was less in demand, manufactories had less work, and wages tended to fall.
Fortunately, in that same year, the barriers of restriction were still more effectually removed, and an enormous quantity of provisions reached the English market. Had this not been so, it is nearly certain that a formidable revolution would have taken place.
And yet free-trade is blamed for disasters which it tended to prevent, and in part, at least, to repair!
Economic Sophisms · The Wunder Library — complete classics, free to read, with narration.