June 20. 1834
Corn Laws — Modern Political Economy
In the argument on the Corn Laws there is a [Greek: metazasis eis allo gevos]. It may be admitted that the great principles of commerce require the interchange of commodities to be free; but commerce, which is barter, has no proper range beyond luxuries or conveniences;—it is properly the complement to the full existence and development of a state. But how can it be shown that the principles applicable to an interchange of conveniences or luxuries apply also to an interchange of necessaries? No state can be such properly, which is not self-subsistent at least; for no state that is not so, is essentially independent. The nation that cannot even exist without the commodity of another nation, is in effect the slave of that other nation. In common times, indeed, pecuniary interest will prevail, and prevent a ruinous exercise of the power which the nation supplying the necessary must have over the nation which has only the convenience or luxury to return; but such interest, both in individuals and nations, will yield to many stronger passions. Is Holland any authority to the contrary? If so, Tyre and Sidon and Carthage were so! Would you put England on a footing with a country, which can be overrun in a campaign, and starved in a year?
The entire tendency of the modern or Malthusian political economy is to denationalize. It would dig up the charcoal foundations of the temple of Ephesus to burn as fuel for a steam-engine!