against the interests of big finance. But not many questions rouse so much popular feeling, and among them only a few are sufficiently simple to be incapable of misrepresentation in the interests of the capitalists. Even in such a case as Asiatic immigration, it is the capitalist system which causes the anti-social interests of wage-earners and makes them illiberal. The existing system makes each man's individual interest opposed, in some vital point, to the interest of the whole. And what applies to individuals applies also to nations; under the existing economic system, a nation's interest is seldom the same as that of the world at large, and then only by accident. International peace might conceivably be secured under the present system, but only by a combination of the strong to exploit the weak. Such a combination is being attempted as the outcome of Washington; but it can only diminish, in the long run, the little freedom now enjoyed by the weaker nations.
The essential evil of the present system, as Socialists have pointed out over and over again, is production for profit instead of for use. A man or a company or a nation produces goods, not in order to consume them, but in order to sell them. Hence arise competition and exploitation and all the evils, both in internal labour problems and in international relations. The development of Chinese commerce by capitalistic methods means an increase, for the Chinese, in the prices of the things they export, which are also the things they chiefly consume, and the artificial stimulation of new needs for foreign goods, which places China at the mercy of those who supply these goods, destroys the existing contentment, and generates a feverish pursuit of purely material ends. In a socialistic world, production will be regulated by
