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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 263 of 470 (55%)
On the supposition that the new government is not more expensive
than the old, (and it ought not to be so, the debts having been nearly
all wiped off,) the burthens on industry will be much less than
formerly, it will then be curious to observe if agriculture flourishes
more, if prices are reduced, and if the taxes that still remain are better
paid. There are, indeed, many concomitant circumstances that will
tend to derange the experiment, or render the conclusion uncertain;
but, still it is an in-[end of page #168] teresting and a great event, and
will be worth attentive observation. {143}

We must, so far as this investigation goes, conclude, that, unless the
natural tendency of things to decline is powerfully counteracted, every
country that rises to wealth must have a fall; and that, therefore, it
merits investigation, whether it is or is not possible to counteract the
tendency to decline, without interrupting the progress towards greater
prosperity, and, to manage matters so, that whether it is not possible,
after having attained the summit of wealth, we may remain there
instead of immediately descending, as most nations have hitherto
done.

From individuals, the exertion necessary is not to be expected; but, it
may be looked for from the government of a country, which, though
composed of individuals, the succession of persons is differently
carried on; it is not from age to age, and from an old father to a young
son, but from men in the vigour of life, to men in the vigour of life,
who, while they are occupied in public affairs, may be considered,
with respect to whatever is to be done for the good of the nation, (for
its prosperity, defence, or protection,) as animated with the same
spirit, without any interruption.

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