Otto von Bismarck on Economy of Germany

“I leave undecided the question whether complete mutual freedom of international commerce, such as is contemplated by the theory of Free Trade, would not serve the interests of Germany. But as long as most of the countries with which our trade is carried on surround themselves with customs barriers...it does not seem to me justifiable, or to the economic interest of the nation, that we should allow ourselves to be restricted in the satisfaction of our financial wants by the apprehension that German products will thereby be slightly preferred to foreign ones. ... The minority of the population, which does not produce at all, but exclusively consumes, will apparently be injured by a customs system favouring the entire national production. Yet if by means of such a system the aggregate sum of the values produced in the country increase, and thus the national wealth be on the whole enhanced, the non-producing parts of the population...will eventually be benefited.”

“Many measures which we have adopted to the great blessing of the country are Socialistic, and the State will have to accustom itself to a little more Socialism yet. ... I am glad that this Socialism was adopted, for we have as a consequence secured a free and very well-to-do peasantry, and I hope that we shall in time do something of the sort for the labouring classes. ... The establishment of the freedom of the peasantry was Socialistic; Socialistic, too, is every expropriation in favour of railways; Socialistic to the utmost extent is the aggregation of estates—the law exists in many provinces—taking from one and giving to another, simply because this other can cultivate the land more conveniently; Socialistic is expropriation under the Water Legislation, on account of irrigation, etc., where a man's land is taken away from him because another can farm it better; Socialistic is our entire poor relief, compulsory school attendance, compulsory construction of roads, so that I am bound to maintain a road upon my lands for travellers. That is all Socialistic, and I could extend the register further; but if you believe that you can frighten any one or call up spectres with the word “Socialism,” you take a standpoint which I abandoned long ago, and the abandonment of which is absolutely necessary for our entire imperial legislation.”