s.

Scarcity of money implies that little is necessary for each purchase.
Then in B, a _nominal cheapness_ is combined with _real cheapness_.

Under these circumstances, industry will have the strongest possible
motives for deserting A to establish itself in B.

Now, to return to what would be the true course of things. As the
progress of such events is always gradual, industry from its nature
being opposed to sudden transits, let us suppose that, without
waiting the extreme point, it will have gradually divided itself
between A and B, according to the laws of supply and demand; that is
to say, according to the laws of justice and usefulness.

_I do not advance an empty hypothesis when I say, that were it
possible that industry should concentrate itself upon a single point,
there must, from its nature, arise spontaneously, and in its midst_,
AN IRRESISTIBLE POWER OF DECENTRALIZATION.

We will quote the words of a manufacturer to the Chamber of Commerce
at Manchester (the figures brought into his demonstration being
suppressed):

"Formerly we exported goods; this exportation gave way to that of
thread for the manufacture of goods; later, instead of thread, we
exported machinery for the making of thread; then capital for the
construction of machinery; and lastly, workmen and talent, which are
the source of capital. All these elements of labor have, one after the
other, transferred themselves to other points, where their profits
were increased, and where the means of subsistence being less
difficult to obtain, life is maintained at less cost. There are at
present to be seen in Prussia, Austria, Saxony, Switzerland, and
Italy, immense manufacturing establishments, founded entirely by
English capital, worked by English labor, and directed by English
talent."

We may here perceive that Nature, with more wisdom and foresight than
the narrow and rigid system of the protectionists can suppose, does
not permit the concentration of labor, and the monopoly of advantages,
from which they draw their arguments as from an absolute and
irremediable fact. It has, by means as simple as they are infallible,
provided for dispersion, diffusion, mutual dependence, and
simultaneous progress; all of which, your restrictive laws paralyze as
much as is in their power, by their tendency towards the isolation of
nations. By this means they render much more decided the differences
existing in the conditions of production; they check the
se