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314 classes, the bourgeoisie and the peasantry, and these undergo very important modifications. The high bourgeoisie develops into a class of wealth and luxury, supplanting, imitating, reproducing with variations, the old baronage; it struggles to form out of itself a patriciate—a body of selected families defined by its own sympathies and voluntary recognition, or a body of locupletes or optimates, or a timocracy of those who have enjoyed the honors of the state. The process has been repeated so often in the classical states, in the Italian republics, and in the rich cities of the Middle Ages that it ought to be sufficiently familiar to us. The force at work is plainly the trait of human nature which leads men to gratify their vanity, to seek to excel, to try to guarantee the future of their children, and to secure the fruits of their own efforts. Like all other traits of human nature, it has its good side and its bad side.

On the other hand the modern representatives of the ancient peasantry are very different from their predecessors. The middle class is constantly fed from them at the bottom. A class of yeomen farmers or peasant proprietors has little in common in its status, its fund of ideas, or its outlook, with mediæval peasants. There are no peasants in the modern Western world with whom the other classes can play, or whom they can afford to disregard. In this matter also the modern statesman is all ready to act. The chip which floated on the current thought that it made the river go; so statesmen and political philosophers think that they make institutions and mould history. The thing which makes and breaks institutions is economic forces, acting on the interests of men, and, through them, on human nature. The statesman who goes along with these forces, wins great "triumphs"; but