CHAPTER I. PLENTY AND SCARCITY.

 Which is better for man and for society—abundance or scarcity¹?

 

What! Can such a question be asked? Has it ever been pretended, is it possible to maintain, that scarcity is better than plenty?

 

Yes: not only has it been maintained, but it is still maintained. Congress says so; many of the newspapers (now happily diminishing in number) say so; a large portion of the public say so; indeed, the scarcity theory is by far the more popular one of the two.

 

Has not Congress passed laws which prohibit the importation of foreign productions by the maintenance of excessive duties? Does not the Tribune maintain that it is advantageous² to limit the supply of iron manufactures and cotton fabrics³, by restraining any one from bringing them to market, but the manufacturers in New England and Pennsylvania? Do we not hear it complained every day: Our importations are too large; We are buying too much from abroad? Is there [12] not an Association of Ladies, who, though they have not kept their promise, still, promised each other not to wear any clothing which was manufactured in other countries?

 

Now tariffs⁴ can only raise prices by diminishing the quantity of goods offered for sale. Therefore, statesmen, editors, and the public generally, believe that scarcity is better than abundance.

 

But why is this; why should men be so blind as to maintain that scarcity is better than plenty?

 

Because they look at price, but forget quantity.

 

But let us see.

 

A man becomes rich in proportion to the remunerative⁵ nature of his labor⁶; that is to say, in proportion as he sells his produce at a high price. The price of his produce is high in proportion to its scarcity. It is plain, then, that, so far as regards him at least, scarcity enriches him. Applying, in turn, this manner of reasoning to each class of laborers⁷ individually, the scarcity theory is deduced from it. To put this theory into practice, and in order to favor each class of labor, an artificial scarcity is produced in every kind of produce by prohibitory tariffs, by restrictive laws, by monopolies, and by other analogous⁸ measures.

 

In the same manner it is observed that when an article is abundant, it brings a small price. The gains of the producer are, of course, less. If this is the case with all produce, all producers are then poor. Abundance, then, ruins society; and as any strong conviction will always seek to force itself into practice, we see the laws of the country struggling to prevent abundance.

 

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Now, what is the defect in this argument? Something tells us that it must be wrong; but where is it wrong? Is it false? No. And yet it is wrong? Yes. But how? It is incomplete.

 

Man produces in order to consume. He is at once producer and consumer. The argument given above, considers him only under the first point of view. Let us look at him in the second character, and the conclusion will be different. We may say:

 

The consumer is rich in proportion as he buys at a low price. He buys at a low price in proportion to the abundance of the articles in demand; abundance, then, enriches him. This reasoning, extended to all consumers, must lead to the theory of abundance.

 

Which theory is right?

 

Can we hesitate to say? Suppose that by following out the scarcity theory, suppose that through prohibitions⁹ and restrictions¹⁰ we were compelled not only to make our own iron, but to grow our own coffee; in short, to obtain everything with difficulty and great outlay¹¹ of labor. We then take an account of stock and see what our savings¹² are.

 

Afterward¹³, to test the other theory, suppose we remove the duties on iron, the duties on coffee, and the duties on everything else, so that we shall obtain everything with as little difficulty and outlay of labor as possible. If we then take an account of stock, is it not certain that we shall find more iron in the country, more coffee, more everything else?

 

Choose then, fellow-countrymen, between scarcity and abundance, between much and little, between Protection and Free Trade. You now know which [14] theory is the right one, for you know the fruits they each bear.

 

But, it will be answered, if we are inundated¹⁴ with foreign goods and produce, our specie, our precious product of California, our dollars, will leave the country.

 

Well, what of that? Man is not fed with coin. He does not dress in gold, nor warm himself with silver. What does it matter, then, whether there be more or less specie in the country, provided there be more bread in the cupboard, more meat in the larder¹⁵, more clothes in the wardrobe, and more fuel in the cellar?

 

Again, it will be objected, if we accustom¹⁶ ourselves to depend upon England for iron, what shall we do in case of a war with that country?

 

To this I reply, we shall then be compelled to produce iron ourselves. But, again I am told, we will not be prepared; we will have no furnaces in blast, no forges ready. True; neither will there be any time when war shall occur that the country will not be already filled with all the iron we shall want until we can make it here. Did the Confederates in the late war lack for iron? Why, then, shall we manufacture our own staples¹⁷ and bolts because we may some day or other have a quarrel with our ironmonger!

 

To sum up:

 

A radical¹⁸ antagonism¹⁹ exists between the vender²⁰ and the buyer.

 

The former wishes the article offered to be scarce, and the supply to be small, so that the price may be high.

 

The latter wishes it abundant and the supply to be large, so that the price may be low.

 

The laws, which should at least remain neutral, take part for the vender against the buyer; for the producer against the consumer; for high against low prices; for scarcity against abundance; for protection against free trade. They act, if not intentionally²¹, at least logically, upon the principle that a nation is rich in proportion as it is in want of everything.

 

1 scarcity   

n.缺乏，不足，萧条

参考例句：

• The scarcity of skilled workers is worrying the government.熟练工人的缺乏困扰着政府。
• The scarcity of fruit was caused by the drought.水果供不应求是由于干旱造成的。

2 advantageous   

adj.有利的；有帮助的

参考例句：

• Injections of vitamin C are obviously advantageous.注射维生素C显然是有利的。
• You're in a very advantageous position.你处于非常有利的地位。

3 fabrics   

织物( fabric的名词复数 )； 布； 构造； （建筑物的）结构（如墙、地面、屋顶）：质地

参考例句：

• cotton fabrics and synthetics 棉织物与合成织物
• The fabrics are merchandised through a network of dealers. 通过经销网点销售纺织品。

4 tariffs   

关税制度； 关税( tariff的名词复数 )； 关税表； （旅馆或饭店等的）收费表； 量刑标准

参考例句：

• British industry was sheltered from foreign competition by protective tariffs. 保护性关税使英国工业免受国际竞争影响。
• The new tariffs have put a stranglehold on trade. 新的关税制对开展贸易极为不利。

5 remunerative   

adj.有报酬的

参考例句：

• He is prepared to make a living by accepting any remunerative chore.为了生计，他准备接受任何有酬报的杂活。
• A doctor advised her to seek remunerative employment.一个医生建议她去找有酬劳的工作。

6 labor   

n.劳动，努力，工作，劳工；分娩；vi.劳动，努力，苦干；vt.详细分析；麻烦

参考例句：

• We are never late in satisfying him for his labor.我们从不延误付给他劳动报酬。
• He was completely spent after two weeks of hard labor.艰苦劳动两周后，他已经疲惫不堪了。

7 laborers   

n.体力劳动者，工人( laborer的名词复数 )；（熟练工人的）辅助工

参考例句：

• Laborers were trained to handle 50-ton compactors and giant cranes. 工人们接受操作五十吨压土机和巨型起重机的训练。 来自《现代英汉综合大词典》
• Wage-labour rests exclusively on competition between the laborers. 雇佣劳动完全是建立在工人的自相竞争之上的。 来自英汉非文学 - 共产党宣言

8 analogous   

adj.相似的；类似的

参考例句：

• The two situations are roughly analogous.两种情況大致相似。
• The company is in a position closely analogous to that of its main rival.该公司与主要竞争对手的处境极为相似。

9 prohibitions   

禁令，禁律( prohibition的名词复数 )； 禁酒； 禁例

参考例句：

• Nowadays NO PARKING is the most ubiquitous of prohibitions. 今天，“NO PARKING”（禁止停车），几乎成了到处可见的禁止用语了。
• Inappropriate, excessive or capricious administration of aversive stimulation has led to scandals, lawsuits and prohibitions. 不恰当的、过度的或随意滥用厌恶性刺激会引起人们的反感、控告与抵制。

10 restrictions   

约束( restriction的名词复数 )； 管制； 制约因素； 带限制性的条件（或规则）

参考例句：

• I found the restrictions irksome. 我对那些限制感到很烦。
• a snaggle of restrictions 杂乱无章的种种限制

11 outlay   

n.费用，经费，支出；v.花费

参考例句：

• There was very little outlay on new machinery.添置新机器的开支微乎其微。
• The outlay seems to bear no relation to the object aimed at.这费用似乎和预期目的完全不相称。

12 savings   

n.存款，储蓄

参考例句：

• I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
• By this time he had used up all his savings.到这时，他的存款已全部用完。

13 afterward   

adv.后来；以后

参考例句：

• Let's go to the theatre first and eat afterward. 让我们先去看戏，然后吃饭。
• Afterward,the boy became a very famous artist.后来，这男孩成为一个很有名的艺术家。

14 inundated   

v.淹没( inundate的过去式和过去分词 )；（洪水般地）涌来；充满；给予或交予（太多事物）使难以应付

参考例句：

• We have been inundated with offers of help. 主动援助多得使我们应接不暇。
• We have been inundated with every bit of information imaginable. 凡是想得到的各种各样的信息潮水般地向我们涌来。 来自《简明英汉词典》

15 larder   

n.食物贮藏室，食品橱

参考例句：

• Please put the food into the larder.请将您地食物放进食物柜内。
• They promised never to raid the larder again.他们答应不再随便开食橱拿东西吃了。

16 accustom   

vt.使适应，使习惯

参考例句：

• It took him a while to accustom himself to the idea.他过了一段时间才习惯这个想法。
• It'shouldn't take long to accustom your students to working in groups.你的学生应该很快就会习惯分组学习的。

17 staples   

n.（某国的）主要产品( staple的名词复数 )；钉书钉；U 形钉；主要部份v.用钉书钉钉住( staple的第三人称单数 )

参考例句：

• The anvil onto which the staples are pressed was not assemble correctly. 订书机上的铁砧安装错位。 来自辞典例句
• I'm trying to make an analysis of the staples of his talk. 我在试行分析他的谈话的要旨。 来自辞典例句

18 radical   

n.激进份子，原子团，根号；adj.根本的，激进的，彻底的

参考例句：

• The patient got a radical cure in the hospital.病人在医院得到了根治。
• She is radical in her demands.她的要求十分偏激。

19 antagonism   

n.对抗，敌对，对立

参考例句：

• People did not feel a strong antagonism for established policy.人们没有对既定方针产生强烈反应。
• There is still much antagonism between trades unions and the oil companies.工会和石油公司之间仍然存在着相当大的敌意。

20 vender   

n.小贩

参考例句：

• The news vender hasn't open yet,lets buy it later.卖报纸的还没出摊儿，待会儿再去买吧。
• The vender sells candies,fiuits,toys,cigarettes,and all that.这位小贩既卖糖果、水果又卖玩具香烟等等。

21 intentionally   

ad.故意地，有意地

参考例句：

• I didn't say it intentionally. 我是无心说的。
• The local authority ruled that he had made himself intentionally homeless and was therefore not entitled to be rehoused. 当地政府裁定他是有意居无定所，因此没有资格再获得提供住房。