Blackwood's Edinburgh Magazine, Volume 57, No. 355, May 1845Various
Philosophy
Blackwood's Edinburgh Magazine, Volume 57, No. 355, May 1845
Various
England -- Periodicals; Scotland -- Periodicals
It is usually considered that it is a sufficient answer to this to
observe, that if riches are thus, from the direction which national
industry has taken, drawn to a distressing extent from one class of the
community to concentrate them in another, a corresponding benefit is
conferred upon other classes, by the increased expenditure which takes
place on the part of those, in whose hands the wealth has accumulated.
There can be no doubt that a certain compensation does take place in this
way; and it is the existence of that compensation, which alone renders
society tolerable under such circumstances. But the benefit accruing is no
adequate set-off, if society be viewed as a whole, to the evil incurred.
If two millions of Irish labourers are working at sixpence a-day each, and
two millions more of human beings, in the Emerald Isle, are in a state of
destitution, it is a poor compensation for such a dreadful state of things
to observe, that some hundred Irish noblemen, or absentee proprietors, are
spending ten or twenty thousand a-year each amidst the luxuries of London,
Paris, or Naples; and that they sometimes extract five or six guineas an
acre from their starving tenants. If weavers in Renfrewshire, and cotton
operatives in Lancashire, are making cotton cloths at eightpence a-day of
wages, we are not to be deluded into the belief that society is
prosperous, because every year six or eight cotton lords buy estates for a
hundred thousand pounds a-piece; and one-half of the railways in the
kingdom are constructed with the wealth of Manchester and Glasgow. There
are no two things more different than national riches and the wealth of
the rich in a nation.
Public-domain text, read in full here on John Shaqi.
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