Children, according to JM Barrie, are fundamentally selfish and heartless. He’s not exactly wrong: children in general are selfish, careless of the future, impulsive, and lacking in self-awareness.
So what would happen if you gave four selfish, careless, impulsive, and un-self-aware children one wish each day? That’s the premise of “Five Children and It,” and the results are brilliant. Of course, first the children wish for beauty. But to be beautiful is to no longer be themselves, and they can’t even go home because they’re not recognized. Luckily, the wishes go away at sunset. Then they wish for wealth, but no one believes they didn’t steal it. They figure they should have wished for specific denominations of cash, but never get around to doing it.
Then they make the mistake of wishing that they can make a wish anywhere, instead of talking directly to their grumpy genie creature. This is when the impulsiveness gets really bad, and they make assorted inadvertent wishes and have all sorts of trouble dealing with the consequences.
Only when one of the children can finally step out of herself enough to wonder what It’s feelings are that the shenanigans stop. She asks It how It feels, and what It wants. By doing this, she is able to at last befriend It, and to undo the bad consequences of their wishes once and for all.
It’s a masterful story, a perfect example of how some of the true masters of Story can say things without actually having to say them.