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
To counteract the tendency of property to accumulate, without
infringing on the rights of individuals, will be found desirable. In the
Fourth Book =sic--there is none.=, a mode of doing this shall be
attentively taken into consideration.
[end of page #136]
CHAP. VI.
_Of the Interior Causes of Decline, which arise from the Produce of
the Soil becoming unequal to the Sustenance of a luxurious People.--
Of Monopoly_.
It has already been mentioned, and we have seen, in the case of Rome
and Italy, that the country which was sufficient to maintain a certain
population, when the manners of the people were simple, becomes
incapable of doing so, when wealth has introduced luxury.
The case of the Romans, though the most clearly ascertained of any,
and the circumstances the best known, is only in part applicable to an
inquiry into the effects of luxury at the present day. The nature of
luxury, the nature of the wants of man, and the diffusion of that
luxury, its distribution amongst the different classes, are so unlike to
what they were, that the comparison scarcely holds in any single
instance.
A most enormous increase of population (a forced population as it
were) in a small country, together with large tracts of land converted
from agriculture to the purposes of pleasure were the principal causes
why Italy, in latter times, was incapable of supplying itself with corn.
Wherever wealth comes in more easily and in abundance, by other
means than by agriculture, that is to a certain degree neglected. To
cultivate ceases to be an object where it is more easy to purchase. This
certainly is, at all times, and in all places, one of the consequences of
an influx of wealth, from wheresoever it comes, or by whatever means
it is acquired; though, in Italy, it was felt more than perhaps in any
other part of the world. The manner in which wealth comes into a
nation has a great effect on the consumption of produce, owing to the
description of persons into whose hands it first comes. In Rome, the
wealth came into the hands of the great. The slaves and servants,
though more numerous, were, perhaps, fed in the same manner with
the slaves in earlier periods, though probably not with so much
economy. In a manufacturing country, [end of page #137] the greatest
part of the wealth comes first into the hands of the labouring people,
who then live better and consume more of the produce of the earth;
not by eating a greater quantity, but by eating of a different quality.
In every manufacturing or commercial country, wealth displays itself
in general opulence amongst the lower orders, and the means of
supplying that greater consumption is the same as it was in Rome. The
money that arrives from other countries enables the community to
purchase from other countries the deficiency of provisions, and
prevents the evil effects from being felt at the moment.
Public-domain text, read in full here on John Shaqi.
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