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
The envy and enmity which superior wealth create, can only be
diminished by the moderation and justice with which a nation
conducts itself towards others; and if they are sufficiently envious and
[end of page #283] unfair to persist, a nation like Britain has nothing
to fear. But we must separate from envy and enmity occasioned by the
possession of wealth, that envy and enmity that are excited by the
unjust manner in which wealth is acquired.
In respect to Britain, it has been shewn, that the envy and enmity
excited, are chiefly by her possessions in the East Indies; we have
seen, also, that the wealth obtained by those possessions is but very
inconsiderable, and that they have, at least, brought on one-third of
our national debt; it would then be well, magnanimously to state the
question, and examine whether we ought not to abandon the
possession of such unprofitable, such expensive, and such a dangerous
acquisition; till we do so, it is to be feared that we shall never have a
true friend, nor be without a bitter enemy.
We have had experience from America, which is become precious to
us now, that we have lost it, and which was a mill-stone about our
neck, while we were in possession of it. Let us take a lesson from
experience, and apply its result to what is at this moment going on,
and we cannot mistake the conclusion to be formed. Let the nation be
above the little vanity of retaining a thing, merely because it has
possessed it. {218} Let the great general outline of happiness, and of
permanent happiness, be considered, and not that ephemerical
splendour and opulence, that gilded pomp that remains but for a day,
and leaves a nation in eternal poverty and want. Britain can only be
firm and just in its conduct towards other nations, give up useless
possessions, defend its true rights to the last point, encourage industry
at home, and take every step to prevent the operation of those causes
of decline that we have been examining; let merit be encouraged, and
---
{218} In this country, public opinion would be against a minister, who
proposed to give up any possession abroad, however useless. This is
owing to the pride occasioned by wealth. The people are not rapacious
for conquests, but once in possession they are very unwilling to let
them go.
It is not necessary to quit the trade to India, or abandon all our
possessions, but to diminish our establishments, circumscribe our
conquests, and not aim at possessing more than we had thirty years
ago. That moderation would conciliate all nations, and envy would
find its occupation gone.
-=-
[end of page #284]
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