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
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{216} When corn was dear, and the public cry was for regulation, it
was announced, in the highest quarters, that trade was free. Ministers
acted as if they had been the colleagues of of =sic= the economist
Turgot; but, when prices fell, the language was changed, and new
regulations were made. Compare the Duke of Portland's letter, in
1799, with the act for the exportation of grain, in 1804.
{217} The money sent out of the country for corn is a direct
diminution of the balance due to us from other nations, and it now
amounts to near three millions a year on an average. The balance in
our favour is not much more than twice that sum at the most, and was
not equal to that till lately: the imports of grain may soon turn the
balance against us.
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[end of page #282]
the poor increasing, our means diminishing; what could possibly
produce a more rapid decline?
The danger is too great and too evident to require any thing farther to
be said; particularly as the last ten years have taught us so much, by
experience.
It is unnecessary to repeat what was said about the mode of reducing
the interest of the national debt without setting too much capital
afloat; without breaking faith with the creditors of the state, or
burthening the industry of the country.
On the increase of the poor and the means of diminishing their
numbers enough has been said. That must originate with government
in every case and in some cases exclusively belongs to it. They must
act of themselves entirely, with respect to the very poor and to their
children. With those who are not quite reduced to poverty, they should
grant aid, to enable them to struggle against adversity, and prevent
their offspring from becoming burthensome to the public.
The other affairs well attended to, capital and industry will lose their
tendency to leave the country; and, if they should continue to leave it,
the case will be desperate; for, after the lands are improved, and the
best encouragement given to the employment of capital, and to the
greatest extent nothing more can be done. It will find employment
elsewhere.
The efficacy of a remedy, like every thing else in this world, has a
boundary, but the extent and compass of that depends, in a great
degree, on exertion and skill, and particularly so in the present
instance. It remains with the government to make that exertion, either
directly itself, or by putting individuals in the way to make it.
The government of a country must then interfere, in an active manner,
in the prevention of the interior causes of decline. As to the exterior
ones, they do not depend on a country itself; but, so far as they do, it is
exclusively on the government, and in no degree on the individual
inhabitants.
Public-domain text, read in full here on John Shaqi.
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