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Robert Gilpin

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A prolonged and massive increase in aggregate wealth per capita has taken place over several centuries.
--
Chapter Three, Dynamics Of Political Economy, p. 100

 
Robert Gilpin

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Increase in the wealth per capita fosters democracy; but the latter, at least according to what we have been able to observe up to now, entails great destruction of wealth and even eventually dries up the sources of it. Hence it is its own grave-digger, it destroys what gave it birth.

 
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The fall of Empire, gentlemen, is a massive thing, however, and not easily fought. It is dictated by a rising bureaucracy, a receding initiative, a freezing of caste, a damming of curiosity — a hundred other factors. It has been going on, as I have said, for centuries, and it is too majestic and massive a movement to stop.

 
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The growth of cities has gone on beyond comparison faster than the growth of the country, and the upbuilding of the great industrial centers has meant a startling increase, not merely in the aggregate of wealth, but in the number of very large individual, and especially of very large corporate, fortunes. The creation of these great corporate fortunes has not been due to the tariff nor to any other governmental action, but to natural causes in the business world, operating in other countries as they operate in our own.

 
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Believe that many precepts are better than much wealth; for wealth quickly fails us, but precepts abide through all time; for wisdom alone of all possessions is imperishable. Do not hesitate to travel a long road to those who profess to offer some useful instruction; for it were a shame, when merchants cross vast seas in order to increase their store of wealth, that the young should not endure even journeys by land to improve their understanding.

 
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Sum-totally, we find that the physical constituent of wealth-energy-cannot decrease and that the metaphysical constituent-know-how-can only increase. This is to say that everytime we use our wealth it increases.

 
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