They allow themselves to be ruined and altogether undone by their own instruments, governments of their own making, and a press of which they are the proprietors.

Perhaps it is historically true that no order of society ever perishes save by its own hand.

In the complexer world of Western Europe the Immanent Will may achieve its ends more subtly and bring in the revolution no less inevitably through a Klotz or a George than by the intellectualisms, too ruthless and self-conscious for us, of the bloodthirsty philosophers of Russia.
The inflationism of the currency systems of Europe has proceeded to extraordinary lengths.

The various belligerent Governments, unable, or too timid or too short-sighted to secure from loans or taxes the resources they required, have printed notes for the balance.

In Russia and Austria-Hungary this process has reached a point where for the purposes of foreign trade the currency is practically valueless.