"I leave undecided the question whether complete mutual freedom of international commerce, such as is contemplated by the theory of Free Trade, would not serve the interests of Germany. But as long as most of the countries with which our trade is carried on surround themselves with customs barriers...it does not seem to me justifiable, or to the economic interest of the nation, that we should allow ourselves to be restricted in the satisfaction of our financial wants by the apprehension that German products will thereby be slightly preferred to foreign ones. ... The minority of the population, which does not produce at all, but exclusively consumes, will apparently be injured by a customs system favouring the entire national production. Yet if by means of such a system the aggregate sum of the values produced in the country increase, and thus the national wealth be on the whole enhanced, the non-producing parts of the population...will eventually be benefited."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Revision History
No revisions have been submitted for this quote.
Categories
Economy of Germany
30 quotes on TrueQuotesView all quotes by Economy of Germany →
Related Quotes
"If maps were shaded like balance sheets, the bottom part of mainland Europe would be deepest red. Italy, Spain and Po…"
"In 1871 Bismarck consummated both the Prussian victory over the French and the unification of Germany under Prussian …"
"Many measures which we have adopted to the great blessing of the country are Socialistic, and the State will have to …"
"Despite continuing certain Weimar-era social welfare programs, the Nazis proceeded to restrict their availability to …"
"The creation of two German states, an event unforeseen at Tehran, Yalta, or even at Potsdam, was a signal Cold War ph…"
"Let us...take the most concrete example of state capitalism...It is Germany. Here we have the 'last word' in modern, …"
"The destruction of representative government and private capitalism of the old school was complete when Hitler came t…"
"The rise of socialism in the East inspired socialist movements in the West (most famously in Germany, which came to t…"
"Liberalism was failing. If I'd been German and not a Jew, I could see I might have become a Nazi, a German nationalis…"
"The French fear of German resurgence which caused France to press for a policy of dismemberment of Germany seemed to …"