Summary

William Playfair An inquiry into the permanent causes of the decline and fall of powerful and wealthy nations

A nation that is feeble has, at least, the advantage of knowing it, and is not insensible if she receives a wound; but the government of a powerful nation is like the pilot of a ship, who navigates in a sea, the depth of which he cannot sound, and who spreads all his sails: if he strikes upon a rock, his ship is dashed to pieces in a moment.
Source: Gutenberg

William Playfair An inquiry into the permanent causes of the decline and fall of powerful and wealthy nations

If every nation in the world were industrious, and contented with consuming the articles it produced, they would all be wealthy and happy without commerce; or, if each nation enjoyed a share of commerce, in proportion to what it produced, there would be no superiority to create envy.
Variety of soil and climate, difference of taste, of manners, and an infinity of other causes, have rendered commerce necessary, though it does not increase the aggregate wealth of mankind: but nations are in an error when they set a greater value on commerce than on productive industry.
Source: Gutenberg

William Playfair An inquiry into the permanent causes of the decline and fall of powerful and wealthy nations

It is for this reason, that, by obliging a man to create more than he himself consumes, taxation increases the wealth of a nation; so that the flourishing state of England is a very natural effect of heavy taxation. The misery and poverty of those people who have little or nothing to pay, is equally natural, though it does not astonish one quite so much.
As there is nothing in the world without a bound, and a limit, it is clear, that, in laying it down as a principle, that rent and taxes occasion wealth instead of poverty, it is only to be understood, to a certain extent
Source: Gutenberg

Get perspective with Kwize: daily news enlightened by great literature