John Holland Quotes
Trade will increase trade, and money will beget money, and the trading world will need no more to want work for their hands, but will rather want hands for their work.
The colony, Darien, failed as the Spanish evicted the colonists. Yet Holland’s economic view of the advantages of international trade was remarkably prescient.
John Holland, *, First Governor, Bank of Scotland, Recommendation to establish a trading colony in Panama, 1695
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This is one of the greatest economic predictions ever made.
Foreign trade creates jobs and eliminates jobs. The people who lost jobs as the result of increased foreign trade are readily identified while the job beneficiaries may never know the reason. So it is a hard political sell even though most of the economic studies have showed that more jobs of more value are created by trade than lost. However, the losers are generally blue collar workers while the beneficiaries are generally white collar and knowledge workers. So there is a socioeconomic class differentiation in the trade issue.
Sir John Holland, 1st Baronet was an English politician who sat in the House of Commons at various times between 1640 and 1679.