Skip to content

Smith on protectionists

September 7, 2009

To expect, indeed, that the freedom of trade should ever be entirely restored in Great Britain, is as absurd as to expect that an Oceana or Utopia should ever be established in it.  Not only the prejudices of the publick, but what is much more unconquerable, the private interest of many individuals, irresistibly oppose it.”

And any government official who dares to push for free trade can expect “personal insults” and even “real danger” arising “from the insolent outrage of furious and disappointed monopolists.”

Advertisements

From → Adam Smith

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: