Note 588 — Chapter IV · : FRIEDRICH LIST AND THE NATIONAL SYSTEM OF POLITICAL ECONOMY

“Solely in nations of the latter kind, namely, those which possess all the necessary mental and material conditions and means for establishing a manufacturing power of their own and of thereby attaining the highest degree of civilisation and development of material prosperity and political power, but which are retarded in their progress by the competition of a foreign manufacturing Power which is already farther advanced than their own—only in such nations are commercial restrictions justified for the purpose of establishing and protecting their own manufacturing power.” (Ibid., p. 144.)