An inquiry into the permanent causes of the decline and fall of powerful and wealthy nations : $b Designed to shew how the prosperity of the British empire may be prolongedPlayfair, William
Philosophy
An inquiry into the permanent causes of the decline and fall of powerful and wealthy nations : $b Designed to shew how the prosperity of the British empire may be prolonged
Playfair, William
Economics; Great Britain -- Economic conditions; History -- Philosophy
Whatever may have been the delusive theories into which ill-
intentioned, designing, and subtile men have sometimes deluded the
great mass of the people, they have never been successful, except
when they could fight under the appearance of justice, and thereby
create discontent. The unequal division of property has frequently
served them in this case.
---
{107} The Parisian populace were the instruments in the hand of those
who destroyed the former government, as the regular army is in the
hands of him who has erected that which now exists.
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[end of page #128]
[Transcriber's note: possible omissis--page 128 ends as above, page 129
starts as next follows...]
while it increased the ignorance, and diminished the number of the
enemies they had to encounter.
As this evil has arisen to a greater height in countries which have had
less wealth in the aggregate than England, it is not the most dangerous
thing we have to encounter; but, as the tendency to it increases very
rapidly of late years, we must, by no means, overlook it. A future
Chapter will be dedicated to the purpose of inquiring how this may be
counteracted in some cases, in others modified and disguised, so as to
prevent, in some degree, the evil effects that naturally arise from it.
Of all the ways in which property accumulates, in particular hands, the
most dangerous is landed property; not only on account of entails, and
the law of primogeniture, (which attach to land alone,) but because it
is the property the most easily retained, the least liable to be alienated,
and the only one that augments in value in a state that is growing rich.
An estate in land augments in value, without augmenting in extent,
when a country becomes richer. A fortune, lent at interest, diminishes,
as the value of money sinks. A fortune engaged in trade is liable to
risks, and requires industry to preserve it: but industry, it has been
observed, never is to be found for any great length of time in any
single line of men; consequently, there are few great monied men,
except such as have acquired their own fortunes, and those can never
be very numerous nor overgrown.
Besides our having facts to furnish proofs that there are no very great
fortunes, except landed fortunes; it can scarcely have escaped the
notice of any one, that no other gives such umbrage, or shews the
inferiority men =sic= who have none so much. {108}
That there is a perpetual tendency to the accumulation of property, in
the hands of individuals, is certain; for, amongst the nations
---
{108} If a man has wealth, in any other form, it is only known by the
expenditure he makes, and it is quickly diminished by
mismanagement; but the great landed estate, which is seldom well
attended to, is mismanaged to the public detriment without ruin to the
proprietor.
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[end of page #129]
of Europe, those who are the most ancient, exhibit the most striking
contrasts of poverty and riches.
Public-domain text, read in full here on John Shaqi.
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