and industrial expansion has been adopted by philosophers as the guide
as well as a clue to conduct; it was hailed by them as a sufficient
and complete motivation for wealth creation; they used it as a basis
of a theory for race progress resting solely on the efforts of men to
satisfy their material needs through their ability to capture goods.
This motive together with the possibilities which machine production
opened up for wealth exploitation, gave birth to the dismal science of
Political Economy; it suggested the materialistic interpretation
of history, and brought to earth utopian schemes of brotherhood.
Political science is dismal because it is an interpretation of
dismal institutions. It may be ungenerous to speak slightingly
of institutions which have yielded such great wealth, which have
transformed inert matter into productive power and brought in
consequence the whole world into acquaintanceship and rivalry. It
would be ungenerous if it were not for a fact which has become
poignant, that the exploitation of wealth and undigested relationships
are to-day the outstanding menace to civilization.

The present world conflict has made it clear that relationships cannot
remain undigested; that they are not in their nature passive. They are
either integrating in their force or disintegrating. Socialism has
undertaken for two generations to prove that exploitation, carries
with it its own seeds of destruction. The position of the socialists
is passing out of theory and propaganda through the hands of
diplomatists, into statutes. Both the socialists and their successors
would eradicate exploitation by repressing it. The socialists would
repress it by shifting ownership of wealth from individuals to the
state, while the diplomatists, through the same agency, would regulate
those who own it.