for
breath. A new
romance, like unto none in all the past, the
economic
romance, will be born. For the dazzling prize of world-
empire will the nations of the earth go up in
harness. Powers will
rise and fall, and
mighty coalitions shape and
dissolve in the swift
whirl of events. Vassal nations and subject territories will be
bandied back and forth like so many articles of trade. And with the
inevitable displacement of economic centres, it is fair to presume
that populations will shift to and fro, as they once did from the
South to the North of England on the rise of the
factory towns, or
from the Old World to the New. Colossal enterprises will be
projected and carried through, and combinations of capital and
federations of labor be effected on a cyclopean scale.
Concentration and organization will be perfected in ways hitherto
undreamed. The nation which would keep its head above the tide must
accurately
adjust supply to demand, and
eliminate waste to the last
least
particle. Standards of living will most likely
descend for
millions of people. With the increase of capital, the
competitionfor safe
investments, and the
consequent fall of the interest rate,
the
principal which today earns a comfortable
income would not then
support a bare
existence. Saving toward old age would cease among
the
working classes. And as the merchant cities of Italy crashed
when trade slipped from their hands on the discovery of the new
route to the Indies by way of the Cape of Good Hope, so will there
come times of trembling for such nations as have failed to grasp the
prize of world-empire. In that given direction they will have
attained their
maximum development, before the whole world, in the
same direction, has attained its. There will no longer be room for
them. But if they can
survive the shock of being flung out of the
world's
industrial orbit, a change in direction may then be easily
effected. That the decadent and
barbarous peoples will be crushed
is a fair
presumption;
likewise that the stronger breeds will
survive, entering upon the
transition stage to which all the world
must
ultimately come.
This change of direction must be either toward
industrialoligarchies or
socialism. Either the functions of private
corporations will increase till they
absorb the central government,
or the functions of government will increase till it
absorbs the
corporations. Much may be said on the chance of the oligarchy.
Should an old manufacturing nation lose its foreign trade, it is
safe to
predict that a strong effort would be made to build a
socialistic government, but it does not follow that this effort
would be successful. With the moneyed class controlling the State
and its revenues and all the means of
subsistence, and guarding its
own interests with
jealous care, it is not at all impossible that a
strong curb could be put upon the masses till the
crisis were past.
It has been done before. There is no reason why it should not be
done again. At the close of the last century, such a
movement was
crushed by its own folly and immaturity. In 1871 the soldiers of
the economic rulers stamped out, root and branch, a whole generation
of militant socialists.
Once the
crisis were past, the ruling class, still
holding the curb
in order to make itself more secure, would proceed to re
adjustthings and to balance
consumption with production. Having a
monopoly of the safe
investments, the great masses of unremunerative
capital would be directed, not to the production of more
surplusvalue, but to the making of
permanent improvements, which would give
employment to the people, and make them content with the new order
of things. Highways, parks, public buildings, monuments, could be
builded; nor would it be out of place to give better
factories and
homes to the workers. Such in itself would be
socialistic, save
that it would be done by the oligarchs, a class apart. With the
interest rate down to zero, and no field for the
investment of
sporadic capital, savings among the people would utterly cease, and
old-age pensions be granted as a matter of course. It is also a
logical necessity of such a
system that, when the population began
to press against the means of
subsistence, (expansion being
impossible), the birth rate of the lower classes would be lessened.
- turkey [´tə:ki] n.火鸡 (初中英语单词)
- striking [´straikiŋ] a.显著的,明显的 (初中英语单词)
- amount [ə´maunt] n.总数;数量 v.合计 (初中英语单词)
- holland [´hɔlənd] n.荷兰 (初中英语单词)
- international [,intə´næʃənəl] a.国际的,世界的 (初中英语单词)
- portion [´pɔ:ʃən] n.嫁妆;命运 vt.分配 (初中英语单词)
- volume [´vɔlju:m, ´vɑljəm] n.卷;书籍;体积;容量 (初中英语单词)
- consume [kən´sju:m] v.毁灭;浪费;憔悴 (初中英语单词)
- competition [,kɔmpi´tiʃən] n.比赛;竞争 (初中英语单词)
- beginning [bi´giniŋ] n.开始,开端;起源 (初中英语单词)
- colonial [kə´ləuniəl] a.(关于)殖民地的 (初中英语单词)
- existence [ig´zistəns] n.存在;生存;生活 (初中英语单词)
- prosperity [prɔ´speriti] n.繁荣;成功;幸运 (初中英语单词)
- jealous [´dʒeləs] a.妒忌的 (初中英语单词)
- supreme [su:´pri:m, sju:-] a.最高的,无上的 (初中英语单词)
- spectacle [´spektəkəl] n.展览;表演;景象 (初中英语单词)
- western [´westən] a.西的;西方的 (初中英语单词)
- remarkable [ri´mɑ:kəbl] a.值得注意的;显著的 (初中英语单词)
- indian [´indiən] a.印度的 n.印度人 (初中英语单词)
- yesterday [´jestədi] n.&ad.昨天;前不久 (初中英语单词)
- scientific [,saiən´tifik] a.科学(上)的 (初中英语单词)
- wisdom [´wizdəm] n.智慧,聪明,才智 (初中英语单词)
- wrought [rɔ:t] work 的过去式(分词) (初中英语单词)
- equally [´i:kwəli] ad.相等地;平等地 (初中英语单词)
- industrial [in´dʌstriəl] a.工业的,产业的 (初中英语单词)
- equipment [i´kwipmənt] n.装备,设备 (初中英语单词)
- commerce [´kɔmə:s] n.商业;社交;交流 (初中英语单词)
- energy [´enədʒi] n.活力,精力;能力 (初中英语单词)
- introduction [,intrə´dʌkʃən] n.介绍;引言;引导 (初中英语单词)
- manufacturer [,mænju´fæktʃərə] n.制造人;工厂主 (初中英语单词)
- factor [´fæktə] n.因素;原动力;要素 (初中英语单词)
- creation [kri´eiʃən] n.创作;作品;创造 (初中英语单词)
- privilege [´privilidʒ] n.特权 vt.给….特权 (初中英语单词)
- breath [breθ] n.呼吸;气息 (初中英语单词)
- romance [rəu´mæns] n.中世纪骑士小说 (初中英语单词)
- harness [´hɑ:nis] vt.上马具 n.马具 (初中英语单词)
- dissolve [di´zɔlv] v.(使)溶解;解除 (初中英语单词)
- adjust [ə´dʒʌst] vt.调整;校准;使适应 (初中英语单词)
- descend [di´send] v.下来,下降 (初中英语单词)
- principal [´prinsəpəl] a.主要的 n.负责人 (初中英语单词)
- income [´inkʌm] n.收入,所得 (初中英语单词)
- working [´wə:kiŋ] a.工人的;劳动的 (初中英语单词)
- survive [sə´vaiv] vt.幸存;残存 (初中英语单词)
- likewise [´laikwaiz] ad.同样地;也,又 (初中英语单词)
- absorb [əb´sɔ:b] vt.吸收;吸引 (初中英语单词)
- movement [´mu:vmənt] n.活动;运动;动作 (初中英语单词)
- permanent [´pə:mənənt] a.永久的;不变的 (初中英语单词)
- investment [in´vestmənt] n.投资;(时间等)投入 (初中英语单词)
- system [´sistəm] n.系统,体系,制度 (初中英语单词)
- scramble [´skræmbəl] v.&n.爬;争夺;炒(蛋) (高中英语单词)
- startling [´stɑ:tliŋ] a.惊人的 (高中英语单词)
- outlet [´autlet] n.出口;出路;通风口 (高中英语单词)
- surplus [´sə:pləs] n.&a.剩余(的) (高中英语单词)
- disposal [di´spəuzəl] n.处理;支配 (高中英语单词)
- maximum [´mæksiməm] n.极点 a.最大的 (高中英语单词)
- virgin [´və:dʒin] a.处女(般)的 n.处女 (高中英语单词)
- partition [pɑ:´tiʃən] n.分割;划分 (高中英语单词)
- exploit [´eksplɔit] n.功绩 vt.剥削;开发 (高中英语单词)
- manifest [´mænifest] a.明显的 v.表明 (高中英语单词)
- trader [´treidə] n.商人;商船 (高中英语单词)
- orient [´ɔ:riənt] n.东方 a.东方的 (高中英语单词)
- supervision [,su:pə´viʒən, ,sju:-] n.管理;监督 (高中英语单词)
- restrain [ri´strein] vt.抑制;管束;限制 (高中英语单词)
- confront [kən´frʌnt] vt.(使)面对;正视 (高中英语单词)
- intervene [,intə´vi:n] vi.干涉;插进 (高中英语单词)
- mighty [´maiti] a.强有力的 ad.很 (高中英语单词)
- eliminate [i´limineit] vt.消除;淘汰 (高中英语单词)
- particle [´pɑ:tikl] n.微粒;极小量 (高中英语单词)
- indies [´indiz] n.东(西)印度群岛 (高中英语单词)
- presumption [pri´zʌmpʃən] n.推测;专横;冒昧 (高中英语单词)
- predict [pri´dikt] v.预言;预告;预示 (高中英语单词)
- crisis [´kraisis] n.转折点;危机 (高中英语单词)
- consumption [kən´sʌmpʃən] n.消耗;结核病 (高中英语单词)
- calculation [,kælkju´leiʃən] n.计算;考虑,预料 (英语四级单词)
- similarly [´similəli] ad.类似地,同样地 (英语四级单词)
- advent [´ædvent] n.来临;降临 (英语四级单词)
- urgent [´ə:dʒənt] a.急迫的,紧急的 (英语四级单词)
- barbarous [´bɑ:bərəs] a.野蛮的;不规范的 (英语四级单词)
- virtually [´və:tʃuəli] ad.实际上,实质上 (英语四级单词)
- asiatic [,eiʃi´ætik ,eizi´ætik] a.亚洲(人)的 n.亚洲人 (英语四级单词)
- vassal [´væsəl] n.诸侯;封臣;属下 (英语四级单词)
- colossal [kə´lɔsəl] a.庞大的;异常的 (英语四级单词)
- consequent [´kɔnsikwənt] a.因…而起的 (英语四级单词)
- transition [træn´ziʃən, -´si-] n.转变;过渡 (英语四级单词)
- ultimately [´ʌltimitli] ad.最后,最终 (英语四级单词)
- socialistic [,səuʃə´listik] a.社会主义(者)的 (英语四级单词)
- prevailing [pri´veiliŋ] a.占优势的;主要的 (英语六级单词)
- divers [´daivə(:)z] a.&pron.若干个 (英语六级单词)
- retard [ri´tɑ:d] n.延迟 vt.阻止 (英语六级单词)
- vigilance [´vidʒiləns] n.警惕,警戒 (英语六级单词)
- taking [´teikiŋ] a.迷人的 n.捕获物 (英语六级单词)
- plaintive [´pleintiv] a.表示哀怨(悲痛) (英语六级单词)
- enterprising [´entəpraiziŋ] a.有事业心的 (英语六级单词)
- socialism [´səuʃəlizəm] n.社会主义 (英语六级单词)
- subsistence [səb´sistəns] n.生存;生计;生活费 (英语六级单词)
- holding [´həuldiŋ] n.保持,固定,存储 (英语六级单词)