Based. as it is. on the principle of selfishness. this is a natural. though not altruistic. attitude for them to take. If it were not for an effective protective tariff system that protects the American prices of our manufactured products against world competition. those prices would sink to the level of the world markets. If it were not for the protectivetariff system and restrictive immigration laws. the wages of American labor would drop to the level of that of the peons of South America and the peasants and serfs of the European and Asiatic countries. These American standards of prices and wages have resulted in raising correspondingly the American standards of living for those who are favored by such paternalistic legislation. They have been removed in large measure from the deranging influences that come through the fluctuations of world markets.
Keywords matched
Asiatic immigration