II. (1)

The dupe is the more ridiculous that if he only opened his eyes he must see how crude and flimsy are the artifices by which he has been swindled.

The aim of the Protectionist in every country is to Edition: current; Page: [vii] reduce imports and encourage exports. Since there can be no selling without buying, if he attained his end international trade would cease and each nation be self-sufficing. Now the exact contrary is the case: in a third of a century international trade has increased from 100 to 219, as the following table drawn up by M. de Foville proves:—

In all countries which are not in debt, imports exceed exports in spite of the constant efforts of Protectionists in every country to reverse the relation.