Advantage to Both Countries

6. Fai/ure to recognize that satisfaction of desires is the sole purpose and end of production has led protec77 tionists to support tariffs, subsidies, and other measures. Had we consistently failed in this recognition, we would now be subsidizing 80 per cent of our population in agricultural pursuits, as well as in the manufacture of buggy whips and candles. Economic progress cannot take place under such a system. The removal of tariffs restores justice to consumers to millions and millions of consumers. The fact that it may seem to result in a temporary inconvenience for a few producers is merely the correction of an injustice previously established. Tariffs and World Peace Aside from their many economic disadvantages, trade restrictions are most devastating in their effect on the relations between nations. In an address in New York on June 9, 1952, Sir Miles Thomas, Chairman of the British Overseas Airways Cor poration, said that some British mailufacturers were dis turbed by the tendency of some United States manufac turers of competitive or related items to seek home protection against foreign competition. He went on to say: "The very essence of our being, the very survival of the free nations of the world-nlust depend upon a two-way flow of goods and services. If you place a brake on that you inevitably discriminate against your own future as well as ours. Forgive me if I so far forget myself as your guest ... if I ask you whether you prefer to have the dollars supplied by an already 78 over-loaded taxpayer or by a satisfied consumer? ...