Essays: Scientific, Political, & Speculative; Vol. 3 of 3: Library Edition (1891), Containing Seven Essays not before Republished, and Various other Additions.Spencer, Herbert
Philosophy
Essays: Scientific, Political, & Speculative; Vol. 3 of 3: Library Edition (1891), Containing Seven Essays not before Republished, and Various other Additions.
Spencer, Herbert
Philosophy; Political science; Science
Let none infer, from what has been said, that the payment of respect
to wealth rightly acquired and rightly used, is deprecated. In its
original meaning, and in due degree, the feeling which prompts such
respect is good. Primarily, wealth is the sign of mental power; and
this is always respectable. To have honestly-acquired property, implies
intelligence, energy, self-control; and these are worthy of the homage
that is indirectly paid to them by admiring their results. Moreover,
the good administration and increase of inherited property, also
requires its virtues; and therefore demands its share of approbation.
And besides being applauded for their display of faculty, men who gain
and increase wealth are to be applauded as public benefactors. For he
who, as manufacturer or merchant, has, without injustice to others,
realized a fortune, is thereby proved to have discharged his functions
better than those who have been less successful. By greater skill,
better judgment, or more economy than his competitors, he has afforded
the public greater advantages. His extra profits are but a share of the
extra produce obtained by the same outlay: the other share going to the
consumers. And similarly, the landowner who, by judicious investment
of money, has increased the value (that is, the productiveness) of his
estate, has thereby added to the stock of national capital. By all
means, then, {149} let the right acquisition and proper use of wealth
have their due share of admiration.
But that which we condemn as the chief cause of commercial dishonesty,
is the _indiscriminate_ admiration of wealth—an admiration that has
little or no reference to the character of the possessor. When, as
generally happens, the external signs are reverenced where they
signify no internal worthiness—nay, even where they cover internal
unworthiness; then does the feeling become vicious. It is this idolatry
which worships the symbol apart from the thing symbolized, that is
the root of all these evils we have been exposing. So long as men
pay homage to those social benefactors who have grown rich honestly,
they give a wholesome stimulus to industry; but when they accord a
share of their homage to those social malefactors who have grown
rich dishonestly, then do they foster corruption—then do they become
accomplices in all these frauds of commerce.
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Public-domain text, read in full here on John Shaqi.
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