Chapter 40 of 55 · Protectionism: the -ism which teaches that waste makes wealth by William Graham Sumner
(J.): That it would be wise to call into existence various industries, even at an expense, if we could thus offer employment to all kinds of artisans, etc., who might come to us.
126. This would be only maintaining public workshops at the expense of the taxpayers, and would be open to all the objections which are conclusive against public workshops. The expense would be prodigious, and the return little or nothing. This argument shows less sense of comparative cost and gain than any other which is ever proposed.
Protectionism: the -ism which teaches that waste makes wealth
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