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 the fatal and ruinous effect of wealth, thus accumulated in the
hands of a few, at the expense of the great bulk of the industrious
classes in a state, that it tends to perpetuate and increase the diseased
and perilous state of society from which it sprang. The common
observations, that money makes money, and that poverty breeds poverty,
show how universally the experience of mankind has felt that capital, in
the long run, gives an overwhelming advantage in the race for riches to
the rich, and that poverty as uniformly, erelong, gives the vast
superiority in numbers to the poor. We often hear of an earl or a
merchant-prince mourning the want of an heir, but scarcely ever of a
Highland couple or an Irish hovel wanting their overflowing brood of
little half-naked savages. We occasionally hear of a poor man raising
himself by talent and industry to fortune; but in general he does so only
by associating his skill with some existing capital, and giving its owner
thus the extraordinary advantage of uniting old wealth with a new
discovery. To get on in the world without capital is daily becoming more
difficult to the great bulk of men: it is, in trade or commerce, at least,
wholly impossible. Thus, as wealth accumulates in the capital and great
cities of the empire, destitution, poverty, and, of course, crime and
immorality, multiply around the seats where that wealth was originally
created. And this evil, so far from abating with the lapse of time, daily
increases, and must increase till some dreadful convulsion takes place,
and restores the subverted balance of society; because the power of
capital, like that of a lever which is continually lengthened, is daily
augmenting in the centres of wealth; and the power of numbers in the
centres of destitution is hourly on the increase, from the reckless and
improvident habits which that destitution has engendered.
Public-domain text, read in full here on John Shaqi.
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