It is the constant operation of this law of nature which ensures the
equalization of empires, the happiness of society, and the dispersion of
mankind. To be convinced of this, we have only to reflect on the results
which would ensue if this were not the case; if no unvarying law gave man
in remote situations an advantage in raising subsistence over what they
enjoy in the centres of opulence; and agriculture, in the aged and wealthy
community, was able to acquire the same decisive superiority over distant
and comparatively poor ones, which we see daily examplified in the
production of manufactures. Suppose, for example, that in consequence of
the application of the steam-engine, capital, and machinery to the raising
of subsistence, Great Britian could undersell the cultivatiors of Poland
and the Ukraine as effectually as she does their manufacturers in the
production of cotton goods; that she could sell in the Polish market wheat
at five shillings a quarter, when they require fifteen shillings to
remunerate the cost of production. Would not the result be, that commerce
between them would be entirely destroyed; that subsistence would be
exclusively raised in the old opulent community; that mankind would
congregate in fearful multitudes round the great commercial emporium of
the world; and that the industry and progress of the more distant nations
would be irrevocably blighted? Whereas, by the operation of the present
law of nature, that the rich state can always undersell the poor one in
maufactures, and the poor one always undersell the rich one in subsistence,
those dangers are removed, a check is provided to the undue multiplication
of the species in particular situations, and the dispersion of mankind
over the globe--a vital object in the system of nature--is secured, from
the very necessities and difficulties in which, in the progress of society,
the old and wealthy community becomes involved.
Public-domain text, read in full here on John Shaqi.
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