The Law of Civilization and Decay

proportion as movement accelerates societies consolidate, and as societies consolidate they pass through a profound intellectual change. Energy ceases to find vent through the imagination, and takes the form of capital; hence as civilizations advance, the imaginative temperament tends to disappear, while the economic instinct is fostered, and thus substantially new varieties of men come to possess the world.
Nothing so portentous overhangs humanity as this mysterious and relentless acceleration of movement, which changes methods of competition and alters paths of trade; for by it countless millions of men and women are foredoomed to happiness or misery, as certainly as the beasts and trees, which have flourished in the wilderness, are destined to vanish when the soil is subdued by man.

From the crusades to Waterloo, the producers dominated Europe, the money-lenders often faring hardly, as is proved by the treatment of the Jews. From the highest to the lowest, all had wares to sell; the farmer his crop, the weaver his cloth, the grocer his goods, and all were interested in maintaining the value of their merchandise relatively to coin, for they lost when selling on a falling market. By degrees, as competition sharpened after the Reformation, a type was developed which, perhaps, may be called the merchant adventurer; men like Child and Boulton, bold, energetic, audacious.

Hemmed in by enemies, and without a seacoast, she had been at a disadvantage in predatory warfare; accordingly she did not accumulate money, and failed to consolidate