"We have had a great depression in agriculture, caused mainly by several seasons of bad harvests, and some of our traders have suffered much from a too rapid extension in prosperous years"
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Bright is doing two things at once: naming real suffering while quietly assigning blame to human exuberance. The opening clause - “a great depression in agriculture” - sounds almost clinical, but it lands with the moral weight of a public confession. For a mid-19th-century British politician steeped in arguments about Corn Laws, trade, and the fragility of working people’s food supply, “bad harvests” is not small talk; it’s the difference between stability and unrest. He foregrounds nature’s brutality first, which lets him appear fair-minded: hardship can arrive without villains.
Then he pivots to a sharper, more ideological point. “Some of our traders have suffered much from a too rapid extension in prosperous years” reads like a rebuke to boom-time overconfidence. Bright’s subtext is classic liberal economics with an ethical edge: markets don’t just punish the poor through scarcity; they also punish the comfortable through overreach. Prosperity carries its own trap - expansion becomes habit, and when conditions turn, the same momentum becomes exposure.
The sentence structure matters. The “mainly” in “caused mainly” is doing political work, leaving room for secondary causes without igniting a partisan food fight. “Some of our traders” narrows the blast radius; he’s not indicting commerce, just its impatient wing. The intent is stabilizing: to frame downturn as a cycle with identifiable drivers, and to argue (implicitly) for restraint, reform, and policy that doesn’t confuse a good year with a permanent new era.
Then he pivots to a sharper, more ideological point. “Some of our traders have suffered much from a too rapid extension in prosperous years” reads like a rebuke to boom-time overconfidence. Bright’s subtext is classic liberal economics with an ethical edge: markets don’t just punish the poor through scarcity; they also punish the comfortable through overreach. Prosperity carries its own trap - expansion becomes habit, and when conditions turn, the same momentum becomes exposure.
The sentence structure matters. The “mainly” in “caused mainly” is doing political work, leaving room for secondary causes without igniting a partisan food fight. “Some of our traders” narrows the blast radius; he’s not indicting commerce, just its impatient wing. The intent is stabilizing: to frame downturn as a cycle with identifiable drivers, and to argue (implicitly) for restraint, reform, and policy that doesn’t confuse a good year with a permanent new era.
Quote Details
| Topic | Tough Times |
|---|---|
| Source | Help us find the source |
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