Economic Liberty

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As a result, Belgian spinners, unable to sell their yarn to the Scottish manufacturer, would have sold it to his rivals in Germany or France. They, being thus provided with the best yarn, would have turned out the best table- cloths, and presently the Scotsman would have found his business slipping away. As his business declined, so would his orders for Irish yam decline. Thus even Irish spinners themselves would not have gained in the long run by this policy.
What actually did happen was this.
... The Belfast spinners, knowing that under our free-trade system as then established it would avail them nothing to go whining to Parliament for help, bethought them whether they could not help themselves. Two of them promptly started off for Belgium, and there discovered that the secret of the excellent quality of the Belgian yarn was the employment of a new machine made in England. They at once bought these new machines, set them up in their mills, and within a few months were able to supply the Scottish manufacturer with yarn every bit as good as the Belgian yarn, and made at an even lower price.

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