The several belligerent nations of Europe are showing that it can be done, that the sabotage of business enterprise can be put aside by sufficiently heroic measures.

And they are also showing that they are all aware, and have always been aware, that the conduct of industry on business principles is incompetent to bring the largest practicable output of goods and services; incompetent to such a degree, indeed, as not to be tolerable in a season of desperate need, when the nation requires the full use of its productive forces, equipment and man-power, regardless of the pecuniary claims of individuals.
* * * * * Now, the projected Imperial dominion is a power of the character required to bring a sufficient corrective to bear, in case of need, on this democratic situation in which the businessmen in charge necessarily manage the country's industry at cross purposes with the community's--that is the common man's--material interest.

It is an extraneous power, to whom the continued pecuniary gain of these nations' businessmen is a minor consideration, a negligible consideration in case it shall appear that the Imperial usufruct of the underlying nation's productive forces is in any degree impaired by the businessmen's management of it for their own net gain.

It is difficult to see on what grounds of self-interest such an Imperial government could consent to tolerate the continued management of these underlying nations' industries on business principles, that is to say on the principle of the maximum pecuniary gain to the businesslike managers; and recent experience seems to teach that no excessive, that is to say no inconvenient, degree of consideration for vested rights, and the like, would long embarrass the Imperial government in its administration of its usufruct.
It should be a reasonable expectation that, without malice and with an unprejudiced view to its own usufruct of these underlying countries, the Imperial establishment would take due care that no systematically, and in its view gratuitously, uneconomical methods should continue in the ordinary conduct of their industry.

Among other considerations of weight in this connection is the fact that a contented, well-fed, and not wantonly over-worked populace is a valuable asset in such a case.
Similarly, by contraries, as an asset in usufruct to such an alien power, a large, wealthy, spendthrift, body of gentlefolk, held in high esteem by the common people, would have but a slight value, conceivably even a negative value, in such a case.