Either the Empire is a profit to England, or it is a loss.

If it is a loss, it must be done away with.

If it is a profit, it must be managed so that the average man comes in for a share of the profit.
If the struggle for commercial supremacy is profitable, continue it.

If it is not, if it hurts the worker and makes his lot worse than the lot of a savage, then fling foreign markets and industrial empire overboard.

For it is a patent fact that if 40,000,000 people, aided by Civilisation, possess a greater individual producing power than the Innuit, then those 40,000,000 people should enjoy more creature comforts and heart's delights than the Innuits enjoy.
If the 400,000 English gentlemen, "of no occupation," according to their own statement in the Census of 1881, are unprofitable, do away with them.
Set them to work ploughing game preserves and planting potatoes.