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Updated: July 13, 2025
Improvements in navigation and the growth of trade, commerce and industry opened the way for the bourgeois revolution with its rapid growth of cities and the parallel increase of wealth, income, and living standards among the newly-enriched businessmen and their associates and dependents. Social changes in feudal Europe had been gradual.
The flow of wasted wealth is no longer like the equable gliding of the full Thames; it is like the long deadly flurry of the waters that bears toward Niagara. These newly-enriched people cause the rise of the usual crop of parasites, and it is the study of the parasites which forces on the mind hundreds of reflections concerning the values of different kinds of labour.
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