WORLD TRADE.
" Protection thwarts the designs of Nature by impeding the distribution of the fruits of the earth'S bounty, by creatmg artiflcml dearness, and by causing a diminution of production. Thus it is a destructive force, which tends to neutraHse the progress of science and art and improvements in the means of transport. There may be some who fear that, if aU trade restrictions were removed, there wouM be a surplus of production and chaotic conditionS would result. When one realises the impoverished and almost primitive conditions of the mass of mankind, one must acknowledge that at least there is no immediate danger of over-production. But indeed this fear is entirely groundless, for, if all restrictions were removed, equilibrium of supply and demand would he achieved through the natufal medium of the priee level; and the free exchange of surplus products is the only effeetive safeguard against famines and gluts.'r— Mr C. J. L. Broci in " The Moral Case for Free Trade."
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https://paperspast.natlib.govt.nz/newspapers/HBHETR19370424.2.11.4
Bibliographic details
Hawke's Bay Herald-Tribune, Issue 83, 24 April 1937, Page 4
Word Count
162WORLD TRADE. Hawke's Bay Herald-Tribune, Issue 83, 24 April 1937, Page 4
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