Walter Lyon Blease, A Short History of English Liberalism… (1913)
“ Tariff Reform, if it can destroy poverty at all, can only destroy it indirectly by giving higher profits to the employer, who may or may not share his increased gains with his workpeople. Its operation is also entirely capricious, it can only apply to industries which suffer from foreign competition, and cannot touch those many underpaid forms of employment in which such competition cannot or does not in fact exist. Finally, as it can only operate by raising prices, it can only give benefits to one class of labour by imposing burdens upon another. ”
