The International Magazine, Volume 2, No. 3, February, 1851Various
History
The International Magazine, Volume 2, No. 3, February, 1851
Various
Art, Modern -- 19th century -- Periodicals; Literature, Modern -- 19th century -- Periodicals; Science -- History -- Periodicals
According to the system of Mr. Ricardo, the interests of the land owner
and laborer, the capitalist and the employer of capital, are always
opposed to each other. Mr. Carey, on the contrary, proves, and we think
most conclusively, that "the interests of the capitalist and of the
employer of capital are thus in perfect harmony with each other, as each
derives advantage from every measure that tends to facilitate the growth
of capital, and to render labor productive; while every measure that
tends to produce the opposite effect is injurious to both."[28]
The entire novelty of these views rendered it necessary that they should
be supported by a great body of facts, and Mr. Carey therefore furnished
an examination of the causes which have in various countries,
particularly India, France, Great Britain, and the United States,
retarded the growth of wealth--demonstrating that they were to be found
in the great public expenditure for the support of fleets and armies,
and the prosecution of wars, the natural results of a state of things in
which the few govern the many, taxing them at their will; and that the
remedy was to be found in that improvement of political condition which
should enable men to govern and to tax themselves, doing which they
would be disposed to remain at peace.
That man may be enabled to improve his physical condition, combination
of effort is shown to be necessary, and that tends to increase with the
increase in the density of population. Therewith comes increased
security of person and property, and increased respect for the rights of
others, tending to promote the further increase of wealth, and to enable
men to devote more time to the cultivation of mind. Improved mental
condition enables men to apply their labors more productively, and thus
obtain better subsistence from a diminished surface, facilitates
combination of action, and increases the growth of wealth. With its
growth the proportion of the laborer increases, and that of the landlord
or other capitalist decreases, and the power of the former to govern
himself, and to tax himself, grows steadily with the growth of wealth
and population; and thus we have physical, moral, intellectual and
political improvement, each aiding, and aided by, the other.
Public-domain text, read in full here on John Shaqi.
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