An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations. eBook

William Playfair
This eBook from the Gutenberg Project consists of approximately 405 pages of information about An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations..

An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations. eBook

William Playfair
This eBook from the Gutenberg Project consists of approximately 405 pages of information about An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations..

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general welfare is, that such men may return to a state of insignificance and labour as fast as possible; for, while they remain above that, and in a declining state, they are filling their place in society badly.

It is different where the change goes on through a whole country, then no one can supply the place, they are all going the same way, and at nearly the same rate; {74} the consequence will be, that this will not be the fall of a family, but the fall of a whole people; the motion will, indeed, be much more slow, but the moving body will be vastly greater, and the effect will be in proportion.

In every nation in Europe there is, between the capital and the distant provinces, a difference of affluence, of wealth, &c. equal to what probably takes place in a nation in one or two centuries.  The inhabitants of the capital have some great advantages over those that come from a distance; they have connections, they have money and stock; and, generally speaking, in their early years, they possess a more ready and marketable knowledge.  But all these avail nothing against habits of industry, and being taught to expect nothing from others, but to depend all on one’s own powers.  With this single, but signal, advantage, the sons of the wealthy citizens are always yielding to the son of the peasant; they are one by one giving way, and their places are filled by a new race; while their descendants are sinking into poverty, and filling prisons, poor-houses, and hospitals.

This vicissitude is so observable, that it would be unnecessary to dwell upon it were it, =sic= not of such infinite importance. {75}

The alarming and lamentable increase of the poor, in proportion as

—–­ {74} It is always to be observed, that this reasoning is only applicable in general, and not in every particular case.  It has been remarked by the writer of the notes on the Wealth of Nations, that where a fortune is not realized in a family, sufficient to enable it to withdraw entirely from trade, it seldom remains wealthy above two generations.  The sons most frequently want intelligence or industry to augment what their father got, and the grandsons have generally dissipation enough to squander entirely away what remains.  This is so frequent a case in London, that it may be called the regular routine of the business; and, what arises by regular routine, must be derived from some general and natural cause.

{75} In the chapter on Education, this subject is entered into more fully, and the education of women makes a principal part.  A subject not noticed by the author of the Wealth of Nations, though very important. -=-

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a nation becomes rich, is a proof that it is not in capital cities alone that the effect takes place, but over the whole of a country. {76}

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An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations. from Project Gutenberg. Public domain.