The popular history of England; an illustrated history of society and government from the earliest period to our own times . t the whole scheme was a fallacy. Of the same flimsyconstruction was all the boasted protection of the humbler classes, by statesupervision, against what is termed the money-making spirit of thetraders. They had far higher need of protection against those who went onseeking, however vainly, to beat down wages by scales and penalties. Outof the exercise of the spirit of exchange, throwing ofi its state shackles one byone, have grown all the material blessings of modem civ
The popular history of England; an illustrated history of society and government from the earliest period to our own times . t the whole scheme was a fallacy. Of the same flimsyconstruction was all the boasted protection of the humbler classes, by statesupervision, against what is termed the money-making spirit of thetraders. They had far higher need of protection against those who went onseeking, however vainly, to beat down wages by scales and penalties. Outof the exercise of the spirit of exchange, throwing ofi its state shackles one byone, have grown all the material blessings of modem civilisation. When * Vol i. p. 479. 18 STATE INTERFERENCE IN SOCIAL AFFAIRS. 11885-99. England became commercial, which it did rapidly in and after the reign ofEdward III., the feudal organisation of society was thenceforth an impos-sibility. In every attempt to maintain that organisation, by what has beencalled a hif^her code for the production and distribution of wealth thanthe laws of supply and demand, we see only the dissolving shadow of apower once supreme, retreating and diminishing before a great Convocation of Clergy.
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