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 inducing the taxpayer to incur expenditure of which they reap the benefit. The evils which they produce at home, and the devastation that they spread among the races whom they exploit, are part of the price which the world has to pay for its acquiescence in the capitalist régime.

But neither tariffs nor financiers would be able to cause serious trouble, if it were not for the sentiment of national pride. National pride might be on the whole beneficent, if it took the direction of emulation in the things that are important to civilization. If we prided ourselves upon our poets, our men of science, or the justice and humanity of our social system, we might find in national pride a stimulus to useful endeavors. But such matters play a very small part. National pride, as it exists now, is almost exclusively concerned with