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A Negative Railroad. Jan 1st, 1845. In this short excerpt from Economic Sophisms, Bastiat demonstrates the absurdity of supposed economic benefits from inefficiency. Frédéric Bastiat. I have said that as long as one has regard, as unfortunately happens, only to the interest of the producer, it is impossible to avoid running counter to the ...
Even now, as recent events show, protectionism wins the political vote and people today are just as ignorant of the fundamentals of trade as they were at the time of Bastiat’s writing – i.e. restricting trade, be it foreign or domestic, is exactly like creating a negative railroad. Despite being written more than 150 years ago, the ...
“A negative railroad” is a pretty good description of what the Internet is always tending toward, despite our best efforts: a free stream constantly dammed up by producers at the expense of ...
A Negative Railroad First Series, Chapter 17. I have said that as long as one has regard, as unfortunately happens, only to the interest of the producer, it is impossible to avoid running counter to the general interest, since the producer, as such, demands nothing but the multiplication of obstacles, wants, and efforts.
For the more these breaks in the line are multiplied, the greater will be the increase of consignments, commissions, trans-shipments, etc., along the whole extent of the railway. In this way, we shall succeed in having a line of railway composed of successive gaps, and which may be denominated a Negative Railway.
Negative Railroads. written by Simon Sarevski April 15, 2019. Many will know of Frederic Bastiat for his famous pamphlet, The Law. However, not as many have read his series of essays, Economic Sophisms, which contains a short piece titled ‘ Negative Railroad ’. In it, Bastiat questions the idea of economic (in)efficiency.
"A Negative Railroad" Frederic Bastiat, yet again, demonstrates the absurdity of protectionism. Jack Nicastro. Feb 16. Share this post "A Negative Railroad"
Once the railroad was done, settlers in America could shorten a travel time of 6 weeks to 6 days. The railroad also improved the economy for the settlers, as they could ship goods to places across the country. Although this does seems like a dream come true, for every positive there is a negative.
