Summary:
"Free Trade with India" by Common Sense is a political treatise published during the early 19th century. This book examines the intricate dynamics between His Majesty's Government, the East India Company, and the general public regarding the contentious issue of establishing a free trade policy with India. Its primary focus revolves around the justice and policy implications of such a trade, aiming to present a clear argument against the notion of dismantling monopolies without careful consideration of the actual trade dynamics. In "Free Trade with India," the author meticulously argues that not all monopolies are inherently detrimental and that the East India Company does not function as a true monopoly in the detrimental sense. He contends that the company provides benefits to the public by maintaining stable prices and ensuring a reliable supply of goods, much like other successful monopolies in history, such as the Post Office. The text further warns against the potential dangers that could arise from hastily opening trade with India to competition, referencing historical instances where similar actions led to the collapse of trade systems. The author advocates for minor adjustments to the East India Company's charter rather than radical changes, cautioning that significant alterations could jeopardize the existing benefits enjoyed by the nation. (This is an automatically generated summary.)