Chapter IV · (continued 2)

It may not be out of place also to remark, by way of parenthesis, that this highly productive state of the industrial arts, which is embodied in the industrial plant and processes that so are systematically and advisedly retarded or arrested under the rule of business, is at the same time the particular pride of civilised men and the most tangible achievement of the civilised world.

A conservative estimate of this one item of capitalistic sabotage could scarcely appraise it at less than a twenty-five percent reduction from the normally possible productive capacity of the community, at an average over any considerable period; and a somewhat thorough review of the pertinent facts would probably persuade any impartial observer that, one year with another, such businesslike enforced idleness of plant and personnel lowers the actual output of the country's industry by something nearer fifty percent of its ordinary capacity when fully employed. To many, such an assertion may seem extravagant, but with further reflection on the well-known facts in the case it will seem less so in proportion as the unfamiliarity of it wears off.

However, the point of attention in the case is not the precise, nor the approximate, percentages of this arrest and retardation, this partial neutralisation of modern improvements in the industrial arts; it is only the notorious fact that such arrest occurs, systematically and advisedly, under the rule of business exigencies, and that there is no corrective to be found for it that will comport with those fundamental articles of the democratic faith on which the businessmen necessarily proceed. Any effectual corrective would break the framework of democratic law and order, since it would have to traverse the inalienable right of men who are born free and equal, each freely to deal or not to deal in any pecuniary conjuncture that arises.

But it is at the same time plain enough that this, in the larger sense untoward, discrepancy between productive capacity and current productive output can readily be corrected, in some appreciable degree at least, by any sufficient authority that shall undertake to control the country's industrial forces without regard to pecuniary profit and loss. Any authority competent to take over the control and regulate the conduct of the community's industry with a view to maximum output as counted by weight and tale, rather than by net aggregate price-income over price-cost, can readily effect an appreciable increase in the effectual productive capacity; but it can be done only by violating that democratic order of things within which business enterprise runs. The several belligerent nations of Europe are showing that it can be done, that the sabotage of business enterprise can be put aside by sufficiently heroic measures. And they are also showing that they are all aware, and have always been aware, that the conduct of industry on business principles is incompetent to bring the largest practicable output of goods and services; incompetent to such a degree, indeed, as not to be tolerable in a season of desperate need, when the nation requires the full use of its productive forces, equipment and man-power, regardless of the pecuniary claims of individuals.

Now, the projected Imperial dominion is a power of the character required to bring a sufficient corrective to bear, in case of need, on this democratic situation in which the businessmen in charge necessarily manage the country's industry at cross purposes with the community's—that is the common man's—material interest. It is an extraneous power, to whom the continued pecuniary gain of these nations' businessmen is a minor consideration, a negligible consideration in case it shall appear that the Imperial usufruct of the underlying nation's productive forces is in any degree impaired by the businessmen's management of it for their own net gain. It is difficult to see on what grounds of self-interest such an Imperial government could consent to tolerate the continued management of these underlying nations' industries on business principles, that is to say on the principle of the maximum pecuniary gain to the businesslike managers; and recent experience seems to teach that no excessive, that is to say no inconvenient, degree of consideration for vested rights, and the like, would long embarrass the Imperial government in its administration of its usufruct.

It should be a reasonable expectation that, without malice and with an unprejudiced view to its own usufruct of these underlying countries, the Imperial establishment would take due care that no systematically, and in its view gratuitously, uneconomical methods should continue in the ordinary conduct of their industry. Among other considerations of weight in this connection is the fact that a contented, well-fed, and not wantonly over-worked populace is a valuable asset in such a case. Similarly, by contraries, as an asset in usufruct to such an alien power, a large, wealthy, spendthrift, body of gentlefolk, held in high esteem by the common people, would have but a slight value, conceivably even a negative value, in such a case. A wise administration would presumably look to their abatement, rather than otherwise. At this point the material interest of the common man would seem to coincide with that of the Imperial establishment. Still, his preconceived notions of the wisdom and beneficence of his gentlefolk would presumably hinder his seeing the matter in that reasonable light.

Under the paramount surveillance of such an alien power, guided solely by its own interest in the usufruct of the country and its population, it is to be presumed that class privileges and discrimination would be greatly abated if not altogether discontinued. The point is in some doubt, partly because this alien establishment whose dominion is in question is itself grounded in class prerogatives and discrimination, and so, not improbably, it would carry over into its supervision of the underlying nations something of a bias in favor of class privileges. And a similar order of things might also result by choice of a class-system as a convenient means of control and exploitation. The latter consideration is presumably the more cogent, since the Imperial establishment in question is already, by ancient habit, familiar with the method of control by class and privilege; and, indeed, unfamiliar with any other method. Such a government, which governs without effectual advice or formal consent of the governed, will almost necessarily rest its control of the country on an interested class, of sufficient strength and bound by sufficiently grave interest to abet the Imperial establishment effectually in all its adventures and enterprises.

But such a privileged order, that is to be counted in to share dynastic usufruct and liabilities, in good days and evil, will be of a feudalistic complexion rather than something after the fashion of a modern business community doing business by investment and pecuniary finesse. It would still be a reasonable expectation that discrimination between pecuniary classes should fall away under this projected alien tutelage; more particularly all such discrimination as is designed to benefit any given class or interest at the cost of the whole, as, e.g., protective tariffs, monopolistic concessions and immunities, engrossing of particular lines of material resources, and the like.

The character of the economic policy to be pursued should not be difficult of apprehension, if only these underlying peoples are conceived as an estate in tail within the dynastic line of descent. The Imperial establishment which so is prospectively to take over the surveillance of these modern peoples under this projected enterprise in dominion, may all the more readily be conceived as handling its new and larger resources somewhat unreservedly as an estate to be administered with a shrewd eye to the main chance, since such has always been its relation to the peoples and territories whose usufruct it already enjoys. It is only that the circumstances of the case will admit a freer and more sagacious application of those principles of usufruct that lie at the root of the ancient Culture of the Fatherland.

This excessively long, and yet incomplete, review of the presumptive material advantages to accrue to the common man under a régime of peace by unconditional surrender to an alien dynasty, brings the argument apparently to the conclusion that such an eventuality might be fortunate rather than the reverse; or at least that it has its compensations, even if it is not something to be desired. Such should particularly appear to be the presumption in case one is at all inclined to make much of the cultural gains to be brought in under the new régime. And more particularly should a policy of non-resistant submission to the projected new order seem expedient in view of the exceedingly high, not to say prohibitive, cost of resistance, or even of materially retarding its fulfillment.