Incentive for Entrepreneurs

"The Spanish empire was an autocracy, governed from the center. In England, by comparison, the power of the monarch never became absolute; it was always limited, first by the country's wealthy aristocracy and later by the two houses of Parliament. Yet the weakness of the English crown concealed a future strength. Precisely because political power was spread more widely, so was wealth. Taxation could only be levied with the approval of Parliament. People with money could therefore be reasonably confident that it would not simply be appropriated by an absolute ruler. That was to prove an important incentive for entrepreneurs."

N. Ferguson.
-Empire: The Rise and Demise of the British World Order and the Lessons for Global Power.