Frédéric Bastiat made a tongue-in-cheek appeal to the French government, asking them to protect candlemakers from a cut-throat competitor.
In the 1840s, powerful lobbyists managed to get most European governments to pass legislation protecting their industries from being undercut by rivals. Frédéric Bastiat held this short-sighted indulgence up to ridicule, penning a tongue-in-cheek ‘Petition’ to the Chamber of Deputies in which French candlemakers begged them to crack down on a particularly glaring example of unfair competition.
Inspired by economists in Britain, Frédéric Bastiat explained to his own Government why their initiatives to boost the economy so often fail.
So long as it makes work for the working man to do, almost any initiative will have its champions. A superfluous rail upgrade, a local government vanity project, even burglary or a war, we are reconciled to them on the grounds that ultimately they create jobs and get the economy moving. Yet as Frédéric Bastiat explained back in 1850, the thought may be comforting but it isn’t really true.