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thing may be confidently asserted of many other ambitious schemes for ‘nationalising’ all great industrial undertakings and absorbing all capital into the State. If the element of just purchase enters into these transactions, they would only result in a great financial catastrophe. If purchase or compensation be refused, the catastrophe would not be averted, but the process would be one gigantic robbery.

      Such schemes for turning the State into the universal landlord, the universal manufacturer, the universal shopkeeper, reorganising from its foundations the whole industrial system of the world, excluding from it all competition and all the play of individual emulation and ambition, can never, I believe, be even approximately realised; but no one who watches the growth of Socialist opinion in nearly all countries can doubt that many steps will be taken in this direction in a not remote future.

      The question in what degree and in what manner the demands that are rising may be wisely met is of the utmost importance. The subject is one which I propose to discuss at some length in later chapters. Two things may here be said. One is, that in an overcrowded country like England, whose prosperity rests much less on great natural resources than on the continuance of a precarious and highly artificial commercial and manufacturing supremacy, any revolution that may lead to a migration of capital or the destruction of credit is more than commonly dangerous. The other is, that this class of questions is eminently one in which consequences that are obscure, intricate, indirect, and remote are often, in the long run, more important than those which are obvious and immediate.

      It has led many politicians to subordinate all notions of right and wrong to the wishes or interests of majorities, and to act on the maxim that the end justifies the means quite as audaciously as the most extreme Jesuit casuists. This new Jesuitism has, indeed, much real affinity with the old one. The root idea of the old Jesuitism was a strongly realised conviction that the Catholic Church is so emphatically the inspired teacher of mankind, and the representative of the Deity upon earth, that no act can be immoral which is performed in its service and is conducive to its interests. The root idea of the new Jesuitism is the belief that the moral law has no deeper foundation and no higher sanction than utility, and that the greatest happiness of the greatest number is its supreme test and ideal. From this it is easily inferred that minorities have no rights as against majorities. In both cases, too, the love of power plays a great part. The old Jesuit found in his doctrine a strong lever for governing the Church and influencing the world. The new Jesuit finds his doctrine peculiarly useful in a society in which all political power is obtained by winning the votes of a majority. Many good Catholics will maintain that the old Jesuit misread the teaching of the Church, and some of them believe that religion has had no worse enemy than a society which has associated the most sacred Name given among men with falsehood, imposture, unscrupulous tyranny, and intrigue. Many good utilitarians will say that the new Jesuit has calculated falsely the balance of utilities, and that no course of policy which shakes the security of property or contract, and the rights of minorities, can be, in its far-off results, for the benefit of the majority. But in each case the inference of the Jesuit is plausible and natural, and it is an inference that is certain to be drawn.

      Some of my readers will probably consider it fanciful to attribute to theories of moral philosophy any influence over political conduct. In England, speculative opinion has not usually much weight in practical politics, and English politicians are very apt to treat it with complete disdain. Yet no one who has any real knowledge of history can seriously doubt the influence over human affairs which has been exercised by the speculations of Locke, of Rousseau, of Montesquieu, of Adam Smith, or of Bentham. The force and the intensity which the doctrine of nationalities has of late years assumed throughout Europe is not unconnected with the new importance which speculative writers have given to race affinities and characteristics, and something of the current Radical notions about land is certainly due to our increased knowledge of the wide diffusion, in the early stages of society, of joint or communal ownership of the soil.

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