Blackwood's Edinburgh Magazine, Volume 67, No. 411, January 1850 — John Shaqi
Blackwood's Edinburgh Magazine, Volume 67, No. 411, January 1850Various
History
Blackwood's Edinburgh Magazine, Volume 67, No. 411, January 1850
Various
England -- Periodicals; Scotland -- Periodicals
So prone, however, are the bulk of mankind to delusion; so easily
are they led away by expressions which appeal to their passions, or
projects which seem to forward their interests; so little are the
lessons of experience either known to, or heeded by, the immense
majority of men, that we should be led to despair of the fortunes of
the species, and dread in every age a repetition of the seductive
passions which had desolated the one that had preceded it, were it
not that a provision is made for the extinction of popular passion
in the very first effects of its ebullition. It is in its _effect
upon property_ that the curb is found which restrains the madness of
the people; by the insolvency it induces that the barrier is formed,
which as a matter of necessity forces back society to its habitual
forms and relations. In the complicated state of social relations in
which we live, it is by the capital of the rich that the industry
of the poor is put in motion; by their expenditure that it is
alimented. However specious and alluring the projects may be which
are brought forward by the popular leaders, they involve in them one
source of weakness, which inevitably ere long paralyses all their
influence. Directly or indirectly, they all tend to the destruction
of property. To excite the passions of the working classes, they are
obliged to hold out to them the prospect of a division of property,
or such a system of taxation as practically amounts to the same
thing: the immediate effect of which is a cessation of expenditure
on the part of the affluent classes; a hoarding of capital; a run
upon the banks for specie; universal scarcity of money, general
distrust, and a fearful decrease of employment. These evils are
first felt by the working classes, because, having no stock, they
are affected by any diminution in their daily wages; and they
are felt with the more bitterness that they immediately succeed
extravagant hopes, and highly wrought expectations. Invariably the
effects of revolutions are precisely the reverse of the predictions
of its supporters. No man is insensible to his own suffering,
however much he may be so to that of his predecessors; and thence
the universal and general reaction which, sooner or later, takes
place against revolutions.
Public-domain text, read in full here on John Shaqi.
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