Adam
Smith, in the classic An Inquiry into the Nature and Causes
of the Wealth of Nations, asserted that human beings
have a propensity to "truck, barter, and exchange one thing
for another."1
He went on to argue that "man has almost constant occasion
for the help of his brethren, and it is in vain for him to
expect it from their benevolence only."2
In this view of the world, then, trading developed because
individual people knewãalmost innatelyãwhat they wanted, as
well as where and how to acquire it. By definition, any exchange
transaction required at least two different parties. Each
and every human must therefore have understood, even subconsciously,
that he or she in some measure relied upon others.3
If a man needed the "help of his brethren," as Smith maintained,
he clearly recognized that as an individual he actually had
brethren. Identifying those brethren is an altogether separate
project; their qualities surely varied from one locale and
time period to another. It is, nevertheless, clear that policies
and events during the years prior to theWealth of Nations'
1776 publication date demonstrably shaped Smith's understanding
of any community's composition and organization.
For
those of us several centuries removed from Smith, the simplest
way to grasp his logic is to explore the various vineyards
in which he toiled. A "North Briton" by birth, Adam Smith
professed Moral Philosophy at the University of Glasgow; he
also served as the University's Rector. Like many of his fellow
intellectuals, he traveled widely on the European Continent;
Smith also lived in London for several years. It was here
that he began to examine at close distance the influence of
national politics and policies upon economic affairs.4
What matters most of all for present purposes, however, is
that much of Adam Smith's economic and political criticisms
derived from extensive and detailed observations of the various
states and empires that border the Atlantic Ocean.5
The Wealth of Nations reveals that its author found
much with which to quibble as he considered the region's pre-1776
economic policies.
Smith
noticed that various governments effectively restrained the
human propensity "to truck, barter, and exchange one thing
for another." Using regulations, prohibitions, and tools such
as tariffs, governments impeded those who lived under their
protection from getting what they wanted when they wanted
it; consumers thus encountered artificially engineered choices.
In this way, the mercantile economic system effectively blocked
the human propensity to exchange through engaging one's "brethren."
Smith maintained that "the interest of the consumer is almost
constantly sacrificed to that of the producer; and it [mercantilism]
seems to consider production, and not consumption, as the
ultimate end of all industry and commerce."6 His implication, of course,
was that humans exchange in order to consume; if they
could not reasonably utilize a product, or if they disliked
it, then transactions involving that item would decline. Similarly,
an eighteenth-century population would not excessively consume
a product because to do so would lead to luxury and moral
decay, which would have been anathema to any follower of the
Scottish Enlightenment.7
The consumption process, as a result, naturally regulated
itself.
Eighteenth-century
European governments nonetheless passed any number of laws
that restricted individuals from being easily able to access
their innate propensity to consume through exchange. The British
government, for example, required that all colonial produce
first be carried to a British port in a British-owned ship,
even if such produce was finally destined to a market in France
or Germany. Spanish law forbade all foreign ships from entering
any of its colonial ports, even if Spain could not satisfy
all of its colonists' consumer demands. France, Spain, and
Britain all licensed only selected ports in their home markets
to trade with the colonies. Import duties for colonial produce
were high, effectively raising prices for European consumers.8
Policies such as these effectively denied individual consumers,
on both sides of the Atlantic, not just choice but also the
ability to seek and engage those "brethren" who could most
help them. As Smith pointed out, "our merchants and manufacturers
have been by far the principal architects" of these restrictions
and regulations.9
Government preferred one group of residents within its control
to another; it had therefore interfered in the natural process
of consumer-driven barter and exchange.
If
individual humans have a propensity to trade with each other,
and if each consumer also has "brethren," then the degree
to which an individual's "brethren" could legitimately
interfere through regulating consumer transactions must be
raised. Answering this question proves complicated within
an Atlantic world seascape. After all, many communities or
groups of "brethren" existed simultaneously. Adam Smith moreover
provides only limited guidance in sorting out a response.
Observing European countries, he concluded "the great commerce
of every civilized society, is that carried on between the
inhabitants of the town and those of the country. It consists
in the exchange of rude for manufactured produce, either immediately,
or by the intervention of money, or of some sort of paper
that represents money."10
Trade then ought to benefit both residents of the town and
the country; each could obtain what they otherwise lacked.
By extending this principle into the eighteenth-century Atlantic
world, it becomes possible to assert that the "great commerce"
took place between (European) towns and (American
or African) countries. Manufactured "produce" came
from the former while the "rude" produce originated across
an ocean. The town's traders and manufacturers, in this analogy,
effectively controlled not just the ways in which the country's
residents could obtain desired consumables but also the ways
in which they could dispose of their own produce. Those in
the country clearly toiled under disadvantageous terms; their
human propensities had been effectively circumscribed.
Nor
was the situation of all of the town's residents completely
rosy. Most of them also had their human propensity to "truck,
barter, and exchange" regulated. Certain consumer products
were either unavailable or prohibitively expensive. "Rude
Produce" tended only to come from one placeãeven if local
tastes preferred that from another. As a result, metropolitan
consumers paid higher prices than they needed to do; this
effectively inhibited their ability to consume all that which
they desired. And because they were spending more money on
consuming things than they would naturally have done had they
lived without the kinds of regulations that were in place,
European consumers had less money available to them for investment
in improvement and innovation. Mercantilist regulation thus
had a deleterious effect on customers everywhere. In Smith's
mind, "[t]he monopoly of the colony tradeÄlike all the other
mean and malignant expedients of the mercantile system, depresses
the industry of all other countries, but chiefly that of the
colonies, without in the least increasing, but on the contrary
diminishing, that of the country in whose favour it is established."11
The economic system in operation across the Atlantic world,
thus, undermined the ability of consumers to create their
own trading communities, as they were naturally inclined to
do.
It
is, nevertheless, outside this paper's scope to provide a
complete analysis of the ways in which capital might have
been better served absent the eighteenth-century mercantilist
world's myriad of regulations. Instead, this essay will examine
the ways in which consumersãindividually and collectivelyãcircumvented
those policies that they believed deleterious to their needs.
To return to the Smithian argument, the human propensity towards
consumer-driven exchange took precedence over efforts to restrict
it. Moreover, individual consumers clearly identified their
"brethren" in ways that were at odds with definitions promulgated
in statutes and policies. As a result, the white residents
of the Atlantic world effectively rewrote the rules under
which they supposedly labored. Perhaps most importantly, they
got away with transgressing the system far more frequently
than either contemporary officials cared to acknowledge or
than those who now study only statutes could possibly conceive.
No
place within eighteenth-century Atlantic America reveals the
human propensity to "truck, barter, and exchange" as it faced
off against restrictions more clearly than does the Caribbean.
Because the major European colonial powers each controlled
multiple territories within this seascape, nationally diverse
regional residents regularly encountered each other. French,
Dutch, British, and Spanish subjects all lived under different
laws, usually created and imposed from across a vast sea.
Every island colony had a consumer population that had been
created through migrationãforced or otherwise. After discounting
the requisite number of calories, enslaved Africans had needs
that diverged from, for example, those of British Caribbean
planters. In turn, it is possible to identify discreet desires
from any recognizable groupãfrom French merchants in Basse
Terre to small farmers in Cuba to Scottish doctors in Kingston.
Individuals from each group could meet their needs through
trade and exchange.12
Of course, their home governments legally prevented them from
doing so. In the Caribbean's case, however, geography provided
residents with an advantage that they would not have had if
they had been located closer to the European continent. Aided
by their physical distance, white islanders readily and easily
transgressed those policies and statutes that impeded their
ability to transact exchanges with one another. And in no
place can these regional interactions be seen more clearly
than in colonial ports.
The
Atlantic World's ports stood at the locus of the exchange
process. In Europe, those in the country exchanged their produce
and manufactured goods through their ports for that which
came from the Americas.13
In the Caribbean, ports symbolically represented the place
where local country produce could be exchanged for town (meaning
European) manufactures. Consumers on both sides of the Atlantic
therefore directly engaged each other in their port towns.
Nevertheless, Adam Smith asserted that those mercantile restrictions
that governed the ports' operations inevitably failed to benefit
consumers. As Smith himself said, "it cannot be very difficult
to determine who have been the contrivers of this whole mercantile
system; not the consumersÄwhose interest has been entirely
neglected, but rather the producers, whose interest has been
so carefully attended to."14
Had those participating in the mercantile economy adhered
diligently to the laws under which they lived, Smith would
certainly have been right. But the fact of the matter is that
colonists, across the social and economic spectrum, and from
one empire to the next systematically found ways to evade
restrictions so that they might "truck, barter, and exchange"
with "brethren" of their own choosing. Just as mercantilist
policy limited interactions between residents of different
imperial systems, so did it create a climate for individuals
and groups to ignore any policies that poorly suited their
goals. Caribbean ports, as a result, became places in which
the local populations effectively "trucked" in legal interpretations
as well as in consumer goods and produce. In this way, consumer
needs could be more easily satisfied.
* * * * *
The
eighteenth-century Caribbean effectively had three distinct
kinds of ports. The first group, about which most is known,
consisted of officially recognized towns. Each one had a Customs
House or, at least, had officials stationed there whose responsibilities
had them inspecting ships that entered and cleared the harbor
and collecting the appropriate amount of import and export
duties. The names of such places will be well known, even
to those who have never been to the West Indies: Bridgetown,
Cap FranÐais, Havana. It is easy to imagine how the law could
be circumvented here when it got in the way of an exchange;
indeed, widespread fraud and corruption can easily be documented.
The second kind of Caribbean port was the officially licensed
"free port". Designed specifically to draw in residents from
neighboring islands under the control of a different imperial
power, these ports were, at least in a certain sense, legally
sanctioned centers of illegal commerce In almost all cases
for which records still exist, one or both of the trading
parties violated commercial policies of either the home or
the host island. Some examples of such places at various times
in the eighteenth century include Kingston, St. John's Grenada,
Martinique, St. Eustatius.15
Of course, the Customs Establishment remained a presence in
these places, but normally high rates of duties were dramatically
reduced or eliminated altogether in an effort to promote commerce.
The region's third kind of port, and the one which interests
us here, was perhaps the most common. These ports were neither
officially monitored nor legally recognized. Yet they grew
up organically, meaning that residents of these towns (and
their surrounding regions) naturally engaged with residents
of other towns (and regions) in order to get what they needed.
They fulfilled, in other words, their Smithian propensities
to "truck, barter, and exchange," almost completely outside
of the gaze of imperial officials. The principal example of
this port to be considered here is Monte Christi.
Most
Atlantic historians have probably never heard of Monte Christi.
Even so, its significance as a port where human propensities
demonstrably led to mercantilist policy "revision" should
not be underestimated. Located on Hispaniola's north coast,
astride the line separating the Island's French and Spanish
colonies, Spanish-controlled Monte Christi illustrated the
ways in which colonial residents from all of the American
empires rewrote those imperial statutes that served the European
town at the expense of the colonial country. These Caribbean
acts of non-compliance were, in many respects, more effective
in furthering the interests of colonial consumers than those
asserted in North America in the decades just before the American
Revolution. Just as British North Americans confrontationally
and aggressively challenged those policies with which they
disagreed, those residing in Monte Christi, along with their
trading partners, remained superficially supportive of problematic
regulations as they actively and quietly undermined them.
Residents of this kind of port city assumed control of their
own consumption, as Smith believed natural. They did not rely
upon European governments to sanction or prohibit their behavior.
As a result, they rewrote law through transgressing it.
Most
scholars would consider Monte Christi little more than a minor
settlement, given that its usual population consisted of only
about one hundred poor Spanish subjects.16 During its heyday as a center for
contraband commerce in the mid- to late eighteenth century,
several hundred ships annually called into its harbor.
Many of these vessels came from British North America, where
European-imposed laws forbid trade with either the French
or the Spanish.17 Still others came from islands elsewhere in the Caribbean.
Because almost all sailings to Monte Christi by ships other
than Spanish-licensed vessels violated Spanish lawãif not
also those of another stateãthere is scarce documentation
for voyages to the port. Having said that, however, enough
ships faced interdiction efforts to leave historians an ample
supply of data on the mechanisms by which the port operated.
While we still know nothing about most trips there, we do
have enough data to surmise how the residents of Hispaniola
and other places in the Atlantic world used Monte Christi
to satisfy their needs as consumers, despite the imperial
restrictions placed upon them by those in the metropolitan
towns.
Monte
Christi's "Lieutenant Governor" wrote to William Shirley,
Governor of the British Bahamas, in March of 1760.18
The Spanish official claimed that an English Privateer, based
in New Providence (now Nassau), illegally captured five Spanish
vessels.19
The Lieutenant Governor claimed that he had licensed the five
ships to sail from the port of Monte Christi only to the neighboring
French colony of St. Domingue. They were to return loaded
with goods that were required "for the Encouragement of the
new Settlement under [Monte Christi's] Government."20
British privateers would thus have had no reason to
stop, let alone capture, these ships.21
Though Britain and France were at war, these were, at least
ostensibly, neutral Spanish ships. French shipping,
of course, would have been subject to British arrest and seizure.
So long as Spain remained non-belligerent, however, its vessels
should have been left alone. Governor Shirley thus needed
to learn why the Spanish ships had been seized. He ordered
an investigation.
The
five ships that had been arrested (and the return of which
the Spanish now sought) had already been brought into a British
Court of Admiralty, in Nassau, for condemnation, sale of the
cargo, and division of the proceeds. Before any division of
the prize could take place, a question needed to be answered.
What were the ships' nationalities? If they were French ships,
they were lawful wartime prizes; the ships and their contents
could be divided between the privateer who captured them and
the British government. On the other hand, if the ships belonged
to Spanish subjects, restitution would obviously be requiredãas
Spain and Britain remained at peace. Governor Shirley asked
the Admiralty Court for copies of all pertinent documents
and depositions.
The
Court complied with the Governor's request. Shirley, who had
recently arrived in Nassau after having been Governor of Massachusetts,
then glimpsed that which was well known to most regional populations.22
Shirley learned of Monte Christi's important role in facilitating
extralegal exchange by evading territorial, and therefore
legal, boundaries. The Bahamian Governor remained uncharacteristically
diplomatic while standing his ground.23
He asserted that Monte Christi had manufactured its own problem.
Shirley maintained that the English privateers acted appropriately.
Thus, Governor Shirley "reminded" his Spanish counterpart
what the captured licenses (or passports), which the Spanish
official had in fact signed, actually mandated. The first
ship [Nuestra Se¿ora de Alta Gracia] had permission
to "carry the Effects permitted [by Spanish law], and to bring
some eatables and provisions for the use of Monte Christi,
and for no other port." [emphasis mine] If the Ship's
master violated his instructions then any cargo aboard was
to be "answerable."24
The second ship had been instructed to bring "the fruits and
eatables of the Earth from the French colonies to Monte Christi
for the Encouragement of the New Settlement There."25
A third ship [Nuestra Se¿ora de Socorro] was licensed
"to carry such Goods as are permitted to the French Colonies,
and to bring from thence some provisions for the City of
Monte Christi, and no other place."26
The remaining two ships had similar charges.
This
meant that altogether a total of five ocean-going vessels
received simultaneous permission to bring back produce from
the French colony to be consumed in the Spanish port; no mention
was ever made of shipping the imported French produce to other
Spanish settlements on Hispaniola. 27 But the Port's consumers
could not possibly have consumed all of the imported "eatables
and provisions," given their small number. William Shirley
therefore concluded that his Spanish counterpart must have
known that the Spanish ships clearly took part in illegal
transactions.28 Shirley diplomatically chose to assign the blame to
the ships' captainsãwho had not strictly followed their Governor's
instructions. The holds of these captured ships contained
no food at all. The cargo instead consisted of "Sugars, Molasses,
Rum, Indigo, and Coffee, the produce and manufacture of the
French settlements." They were "without any of the usual and
necessary papers for proving them to be the property of Spaniards."29 The British Admiralty
Judge therefore could condemn the cargoes as French, making
them legal prizes of war.
But
what of the ships themselves? Governor Shirley admonished
his Spanish counterpart that though enough evidence existed
to order the ships condemned and sold, he would see that they
were released. What evidence did Shirley have against the
ships? He again used the passports that the Spanish Governor
had approved. The ships did not adhere to instructions; they
both had on board products that were not "eatables," such
as sugar and they had far more of it than Monte Christi's
small population could consume. Shirley claimed that "a most
unwarrantable and prejudicial Commerce to the Interests of
Great Britain is carry'd out with the French of Hispaniola
thro' the Channel of Monte Christi, whereby the French are
frequently furnished with great Quantities of Money, Contraband,
and other Goods, in exchange for their Sugars and the other
produce and manufactures of their Settlements."30
The Spanish ships had thus given aid and comfort to Britain's
French enemies, thereby violating principles of neutrality.
But because the ships were Spanish-owned, he allowed them
to be returned to Monte Christi with a warning that such behavior
was unacceptable. The ships were once again placed in the
service of Monte Christi's few consumers and, through them,
their regional "brethren".
English
ships (from Britain, from the North American colonies, or
from neighboring Caribbean islands), along with those from
other European nations, regularly docked in Monte Christi's
harbor, paid the Spanish governor cash, and were then
given a Spanish license to enter the port. (Non-Spanish ships
were not allowed in Spanish colonies; Monte Christi's Governor
broke the law when he issued these passes.) Next, the visiting
ships unloaded their foreign cargoes directly onto Spanish-licensed
ships, like those captured by the privateers. The goods being
transferred would be counted and then the foreign traders
would pay the Spanish Governor another fee, usually a piece-of-eight,
for every hogshead of molasses or other product that was destined
to the French on the frontier's other side. In exchange for
this consideration, the Governor overlooked the Spanish residents
who loaded and unloaded foreign cargoes in the harbor at Monte
Christi, and who shipped them aboard Spanish boats to foreign
portsãand then did the same on the return voyages. They also
paid their Governor a fee for this service.31
The
British and other foreign traders received Spanish money and
French luxury goods in return, as well as French sugars, molasses,
and other tropical produceãsuch as coffee. These crops could
then enter the European marketplace as British produce; they
usually remained on board the ships and then were clandestinely
added to the final tallies at a pre-export inspection in the
last American port that they visited before heading to Europe.
Tropical products generally fetched higher prices in protected
British markets than they did in protected French ones. 32 And because the foreigners paid the
French in Saint Domingue in advance, consumers there benefited
doubly. Not only did they get cash before they shipped their
produce, they also received a higher price than they would
have done by following legal channels. In fact, the Port of
Monte Christiãand many others like itãallowed consumers across
the Atlantic world to escape from policies that injured their
consumer propensities.
In
diplomatic language, Governor Shirley let his Monte Christian
counterpart know that the British had noted Monte Christi's
procedures. Rather than accuse the Lieutenant Governor, Shirley
asserted that the Spanish crews found means "to protect their
[illicit] French Cargoes with Spanish papers" by using "some
misrepresentation or Imposition (as I doubt not it must be)
to obtain Certificates from you, Sir, that the same were puchas'd
by Subjects of Spain, residing at Monte Christi."33
Governor Shirley claimed to have seen documentation that a
British ship had a cargo of Spanish sugar, purchased at Monte
Christi, aboard it. Shirley knew for a fact, he said, that
the sugar was French and had been loaded at St. Christopher's.
"[T]here is a very large Quantity of the pernicious Trade,"
Shirley maintained, "carry'd on at Monte Christi." 34
In this way, the Bahamian Governor revealed the ways in which
an individual's propensity to "truck, barter, and exchange"
led him to violate European-created rules that stood in his
way. Mercantilist policy, without directly saying so, attempted
to control consumer demand by using tariffs and prohibitions,
and yet those very policies and requirements themselves became
subjugated to consumer demand in the Americas, as evidenced
by the elaborate systems of illicit trade through ports like
Monte Christi.
If
tiny Monte Christi had a sizable amount of organized illicit
commercial activity, it should come as no surprise that much
bigger and more populous ports, such as Kingston in Jamaica,
regularly participated in illegal activities. The larger ports,
which had more officials stationed in them, as a result faced
more consistent scrutiny. Nevertheless, as in the smaller
places, consumers and their merchant suppliers found ways
to challenge both the laws that impeded their abilities to
"truck, barter, and exchange," and any consistently-made effort
to enforce the problematic statutes. Just as Monte Christi
was an active port that used passive tactics to circumvent
the law, the larger ports introduced more confrontational
and assertive tactics to beat back any official challenges
to their illegal behavior. European merchants induced the
various governments to promulgate policies that favored commercial
people. The benefits to commercial people, however, were not
uniform. In many cases, eighteenth-century Caribbean merchants
found restrictions placed upon them to have deleterious consequences.
As a result, they broke ranks with their European counterparts.
Choosing to follow their own propensities to "truck, barter,
and exchange," they forged alliances with new groups of "brethren,"
who were technically forbidden to them.
With
Britain and France still at war in July 1761, British Rear
Admiral Holmes wrote to the Secretary of the Admiralty in
London from his Jamaica post. Holmes reported that he had
recently and clearly offended several Jamaica merchants.35 He had done so by acting to suppress
the illegal trade that Jamaica's residents carried on with
the Spanish and French on Hispaniola. This trade almost certainly
took place through Monte Christi. A number of the island's
residents attempted to get Admiral Holmes to relax his opposition
to the trade. In his report, Holmes claimed that he was "soothed,
caressed, and flattered, but all to no purpose."36 Because they could not eliminate his opposition in
this manner, several prominent Jamaican merchants decided
to work behind his back. Holmes believed that these merchants
made clandestine deals with French ships to capture or destroy
British naval ships. Though creating a naval nuisance, this
policy too failed to meet with great success. The British
Navy hadãquite physicallyãgotten in the way of "exchanging
one thing for another."
Desperate
to end their own government's harassment of their contraband
commerce, several Kingston merchants clamored for a meeting
of merchant "brethren."37 In this meeting, they discussed constructing
the "proper Measures for the 'better Protection of the Trade
of this colony'." When Admiral Holmes learned of this plan
of events, he became extremely agitated. The implication for
Holmes, of course, was that the British Navy could not adequately
defend and protect the Island's trade from foreign aggression.
He resented the public participation in the meeting, and vowed
to continue his efforts to stop illegal trade with places
like Monte Christi. Holmes asserted that the Jamaican merchants
were, as he called them, a "Motley Group of Defamators."38
After
they held their meeting, a number of the most powerful attendees
went to Admiral Holmes's house and presented him with "their
insolent, false, and abusive letter." Holmes did not reply
to their letter. Holmes instead inferred that these wealthy
men had become so vocal because they were engaged in a clandestine
venture. Indeed, he tries to explain a recent court case in
just this way. The ship Guadeloup had recently been
condemned in Jamaica's Admiralty Court. Like the five Monte
Christi ships that ended up in the Bahamian Admiralty Court
a year before, this ship "had a false Spanish Pass, was navigated
by Spaniards, and [was] taken, coming from the [French] Ports
in Hispaniola, with French Produce."39 Holmes believed that the ship and its cargo did not
belong either to the Spanish, as claimed, or to the French,
as the evidence indicated. He believed instead that the ship's
cargo, if not the vessel itself, belonged to several Jamaica
merchantsãwho happened to be participants in the Kingston
meeting. These merchants, Holmes maintained, illegally imported
French sugar into Jamaica by claiming that the ship used to
carry it from St. Domingue to Jamaica had actually originated
in a distant Jamaican portãand therefore was not subject to
import duties. In this way, the island's merchants increased
their rate of return from that which they could have expected
by trading only their own produce. Admiral Holmes, an
honest official, was outraged at such a scheme.
But
we know better than to be outraged. The scheme developed because
economic conditions, as indicated by commercial rules and
regulations, did not allow individuals to utilize their propensity
for exchange. As a result, they could not consume at anything
like an optimum level (which would have varied widely from
one place to the next). To remedy this situation, they resorted
to getting help from their "brethren." They created trading
communities that both allowed them the ability to acquire
goods in order to consume them while simultaneously challenging
the restrictions that served to hold them back.
The
Law was the largest casualty in all of this. The Port towns,
with their easy access to individuals from different economies
and societies, made such challenges relatively simple. American
ports challenged European ones, at least metaphorically, for
control of the ways in which consumption took place in Atlantic
America. When all is said and done, the colonial ports allowed
legal transgressions. From the European perspective, this
could be seen as a "country" rebellion against the city. And
from the American perspective, these conflicts demonstrate
that the "country" itselfãas represented in this paper by
the Caribbeanãno longer saw the interests of its consumers
as secondary to those in the town, or European metropole.
Rather, Caribbean residents understood that their ports provided
them as much, or more, opportunity than did those in Europe.
Increasingly, as the eighteenth century wore on, the Caribbean
white population circumvented the laws by which they did not
benefit; rarely did they even consider an active resistance
of the kind that happened in North America in 1776. The mercantilism
of the Atlantic world would come to an end because behaviors
of the kind described in this paper ate away at its very foundation
and proved it to be unsustainable in the long run. The propensity
to consume trumped any laws put in place to regulate it.