The workers will emigrate in pursuit of the factory, but they will multiply faster than they emigrate, and be told that their own exorbitant demand for wages is driving capital abroad, and must continue to do so whilst there is a Chinaman or a Hindoo unemployed to underbid them.

As the British factories are shut up, they will be replaced by villas; the manufacturing districts will become fashionable resorts for capitalists living on the interest of foreign investments; the farms and sheep runs will be cleared for deer forests.

All products that can in the nature of things be manufactured elsewhere than where they are consumed will be imported in payment of deer-forest rents from foreign sportsmen, or of dividends due to shareholders resident in England, but holding shares in companies abroad, and these imports will not be paid for by ex ports, because rent and interest are not paid for at all--a fact which the Free Traders do not yet see, or at any rate do not mention, although it is the key to the whole mystery of their opponents.
The cry for Protection will become wild, but no one will dare resort to a demonstrably absurd measure that must raise prices before it raises wages, and that has everywhere failed to benefit the worker.

There will be no employment for anyone except in doing things that must be done on the spot, such as unpacking and distributing the imports, ministering to the proprietors as domestic servants, or by acting, preaching, paving, lighting, housebuilding, and the rest; and some of these, as the capitalist comes to regard ostentation as vulgar, and to enjoy a simpler life, will employ fewer and fewer people.

A vast proletariat, beginning with a nucleus of those formerly employed in export trades, with their multiplying progeny, will be out of employment permanently.