Mr. Southey’s instance is not a very fortunate one. The wealth which did so little for the Portuguese was not the fruit either of manufactures or of commerce carried on by private individuals. It was the wealth, not of the people, but of the government and its creatures, of those who, as Mr. Southey thinks, can never be too rich. The fact is that Mr. Southey’s proposition is opposed to all history, and to the phænomena which surround us on every side. England is the richest country in Europe, the most commercial country, and the country in which manufactures flourish most. Russia and Poland are the poorest countries in Europe. They have scarcely any trade, and none but the rudest manufactures. Is wealth more diffused in Russia and Poland than in England? There are individuals in Russia and Poland whose incomes are probably equal to those of our richest countrymen. It may be doubted whether there are not, in those countries, as many fortunes of eighty thousand a year as here. But are there as many fortunes of two thousand a year, or of one thousand a year? There are parishes in England which contain more people of between three hundred and three thousand pounds a year than could be found in all the dominions of the Emperor Nicholas. The neat and commodious houses which have been built in London and its vicinity, for people of this class, within the last thirty years would of themselves {183}form a city larger than the capitals of some European kingdoms. And this is the state of society in which the great proprietors have devoured a smaller! The cure which Mr. Southey thinks that he has discovered is worthy of the sagacity which he has shown in detecting the evil. The calamities arising from the collection of wealth in the hands of a few capitalists are to be remedied by collecting it in the hands of one great capitalist, who has no conceivable motive to use it better than other capitalists, the all-devouring state.