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As Civilization Advances, Property And Intelligence Become Thus Widely Diffused

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CIVILIZATION 1836

http://oll.libertyfund.org/?option=com_staticxt&staticfile=show.php%3Ftitle=233&chapter=16538&layout=html&Itemid=27

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We must leave to history to unfold the gradual rise of the trading and manufacturing classes, the gradual emancipation of the agricultural, the tumults and bouleversements which accompanied these changes in their course, and the extraordinary alterations in institutions, opinions, habits, and the whole of social life, which they brought in their train. We need only ask the reader to form a conception of all that is implied in the words, growth of a middle class; and then to reflect on the immense increase of the numbers and property of that class throughout Great Britain, France, Germany, and other countries, in every successive generation, and the novelty of a labouring class receiving such wages as are now commonly earned by nearly the whole of the manufacturing, that is, of the most numerous portion of the operative classes of this country—and ask himself whether, from causes so unheard-of, unheard-of effects ought not to be expected to flow. It must at least be evident, that if, as civilization advances, property and intelligence become thus widely diffused among the millions, it must also be an effect of civilization, that the portion of either of these which can belong to an individual must have a tendency to become less and less influential, and all results must more and more be decided by the movements of masses; provided that the power of combination among the masses keeps pace with the progress of their resources. And that it does so, who can doubt? There is not a more accurate test of the progress of civilization than the progress of the power of co-operation.

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The characters, then, of a state of high civilization being the diffusion of property and intelligence, and the power of co-operation; the next thing to observe is the unexampled development which all these elements have assumed of late years.

The rapidity with which property has accumulated and is accumulating in the principal countries of Europe, but especially in this island, is obvious to every one. The capital of the industrious classes overflows into foreign countries, and into all kinds of wild speculations. The amount of capital annually exported from Great Britain alone, surpasses probably the whole wealth of the most flourishing commercial republics of antiquity. But this capital, collectively so vast, is mainly composed of small portions; very generally so small that the owners cannot, without other means of livelihood, subsist on the profits of them. While such is the growth of property in the hands of the mass, the circumstances of the higher classes have undergone nothing like a corresponding improvement. Many large fortunes have, it is true, been accumulated, but many others have been wholly or partially dissipated; for the inheritors of immense fortunes, as a class, always live at least up to their incomes when at the highest, and the unavoidable vicissitudes of those incomes are always sinking them deeper and deeper into debt. A large proportion of the English landlords, as they themselves are constantly telling us, are so overwhelmed with mortgages, that they have ceased to be the real owners of the bulk of their estates . In other countries the large properties have very generally been broken down; in France, by revolution, and the revolutionary law of inheritance; in Prussia, by successive edicts of that substantially democratic, though formally absolute government.

With respect to knowledge and intelligence, it is the truism of the age, that the masses, both of the middle and even of the working classes, are treading upon the heels of their superiors.

I wonder if JS Mill would be into buy to let. He seems completely obsessed with the idea of owning property, although the only way to have the vote in this age was to own property and be male.

Although interesting that the bankers where managing to get individuals mortgaged up even in this age.

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