The advantages of the form of government adopted in Britain have been fairly stated in account; but constitutions and forms of government, however good, are only so in the degree; they are never perfect, and have all a tendency to wear out, to get worse, and to get encumbered.  The French were the first, perhaps, that ever tried the mad scheme of remedying this by making a constitution that could be renewed at pleasure.  But it was a violent remedy, to implant, in the constitution itself, the power of its own destruction, under the idea of renovation.  The English constitution has taken, perhaps, the best way that is possible for this purpose; it has given to king, lords, and commons, the power of counteracting each other, and so preserving its first principles.  Without going into that inquiry, it is sufficient to say, that the advantages which may be derived from the British constitution can only be expected by the three different powers having that will, and exercising it; for, if they should act together on a system of confidence, without an attention to preserving the balance, they must overset, instead of navigating the vessel.

The individuals of whom a nation is composed, we have seen, never can, by their efforts, prevent its decline, as their natural propensities tend to bring it on.  It is to the rulers of nations we must look for the [end of page #287] prolongation of prosperity, which they cannot accomplish, unless they look before them, and, in place of seeking for remedies, seek for preventatives.

It is very natural and very common for those who wield the power of a great nation, to trust to the exertion of that power, when the moment of necessity arrives; but that will seldom, if ever, be found to answer.  The time for the efficacy of remedy will be past before the evil presents itself in the form of pressing necessity; and that very power, which can so effectually be applied in other cases, in this will be diminished, and found unequal to what it has to perform.

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Application of the present Inquiry to Nations in general

IF there is a lesson taught by political economy that is of greater importance than any other, it is, that industry, well directed, is the way to obtain wealth; and that the modes by which nations sought after it in the early and middle ages, by war and conquest, are, in comparison, very ineffectual.

Notwithstanding that princes themselves are now convinced of the truth of this, by a strange fatality, the possession of commercial wealth has itself become the cause of wars, not less ruinous than those that formerly were the chief occupation of mankind.

It was discovered a few centuries ago, that small principalities, and even single cities, acquired more wealth by industry, than all the mighty monarchs of the middle ages did by war; but we are not yet advanced to the ultimate end of the lessons that experience and reason give in regard to the interests of nations, with regard to wealth and power.