Excerpt from The Curse of Cobden and the Worship of Diana
In the year 1885 I ventured, by publishing "The Curse of Cobden," to subject the doctrines of Free Trade to the light of argument and the prophecies of its founder to the light of experience. The reasons adduced by Mr. Cobden, which were successful in persuading the House of Commons to try his experiment, had, even in "85, been proved to be founded on pure delusion. The experience of the succeeding eighteen years has not only accentuated the initial folly of the experiment, but of the still graver folly involved in the retention of the fiscal system to which it gave birth. The incessant laudation bestowed upon a system thus generated is the sole reason for the abnormal and preposterous duration of its life.
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