Western civilization presents one of the most difficult tasks for historical analysis, because it is not yet finished, because we are a part of it and lack perspective, and because it presents considerable variation from our pattern of historical change.

The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the Left, is a foolish idea acceptable only to doctrinaire and academic thinkers. Instead, the two parties should be almost identical, so that the American people can throw the rascals out at any election without leading to any profound or extensive shifts in policy. Then it should be possible to replace it, every four years if necessary, by the other party, which will be none of these things but will still pursue, with new vigor, approximately the same basic policies.

When profits are pursued by geographic interchange of goods, so that commerce for profit becomes the central mechanism of the system, we usually call it "commercial capitalism." In such a system goods are conveyed from ares where they are more common (and therefore cheaper) to areas where they are less common (and therefore less cheap). This process leads to regional specialization and to division of labor, both in agricultural production and in handicrafts.

Thus, the use of fiat money is more justifiable in financing a depression than in financing a war.

One of the chief reasons for the widespread fear of the Huns rested on their ability to travel very long distances in relatively short periods. This ability may well have been based on their use of horseshoes.

The hope for the twentieth century rests on recognition that war and depression are man-made, and needless. They can be avoided in the future by turning from the nineteenth-century characteristics just mentioned (materialism, selfishness, false values, hypocrisy, and secret vices) and going back to other characteristics that our Western Society has always regarded as virtues: generosity, compassion, cooperation, rationality, and foresight, and finding a increased role in human life for love, spirituality, charity, and self discipline.

The problem of meaning today is the problem of how the diverse and superficially self-contradictory experiences of men can be put into a consistent picture that will provide contemporary man with a convincing basis from which to live and to act.