An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations. - Designed To Shew How The Prosperity Of The British Empire - May Be Prolonged by William Playfair
page 260 of 470 (55%)
page 260 of 470 (55%)
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of public affairs is given; by those who act for the benefit of all, and in
the name of all. From the first approaches of a state to wealth and greatness, we find that there are a combination of causes that begin to operate in promoting its decline. The first moving principle, necessity, is gradually done away, and with it flies industry; so that, from one generation to another, both the moral and physical man becomes changed, till he is unable to sustain the weight that he has raised; and, at last, he is crushed by the decent =sic= of the ponderous mass. While a gradual progress destroys that industry, from which all wealth springs, other causes act to remove or misapply the labour [end of page #166] that is left, while others again are putting capital to flight, or leading to a misapplication of it. Last of all come discord and war, the most universal cause of all those that tend to depopulate a country, and to diminish as well as degrade the inhabitants, thus giving durability to misfortune, and rendering hopeless the fate of a fallen nation. Amongst all the causes of decline, one alone is found that has a double effect, and counteracts in one direction what it promotes in another. This is taxation, a very certain cause of ruin if carried too far, and always dangerous; but, for a length of time, having a very powerful effect in repressing the progress of luxury, in continuing the action of necessity, the mother of industry, and in preventing that species of consumption that lays the foundation for the depopulation of a country. |
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