Note 36 — Chapter II

There seem, at first sight, to be exceptions to the truth of the assertion, that luxury, in itself, is not productive of national ruin. Venice, Genoa, Pisa, etc., were aristocratic republics, in which, as in monarchies, a high degree of luxury is not only compatible with, but may even be greatly conducive to the prosperity of the state. But the basis of a democratic republic is a more or less perfect equality among its citizens, which is often impaired, and, in the end, subverted by too great a disparity of wealth. Yet, even in them, glaring contrasts between extravagant luxury and abject poverty are rather the sign than the cause, of the disappearance of democratic principles. Examples might be adduced from history, of democracies in which great wealth did not destroy democratic ideas and a consequent simplicity of manners. These ideas must first be forgotten, before wealth can produce luxury, and luxury its attendant train of evils. Though accelerating the downfall of a democratic republic, it is therefore not the primary cause of that downfall.—H. [36]