Time after time mankind is driven against the rocks of the horrid reality of a fallen creation. And time after time mankind must learn the hard lessons of history-the lessons that for some dangerous and awful reason we can't seem to keep in our collective memory.

There are few greater temptations on earth than to stay permanently at Oxford in meditation, and to read all the books in the Bodlean.

The smaller man approaching our modern banking system, which controls all issue of credit and therefore pretty well all our industrial and commercial activities, is not what the controllers of that credit call "interesting." He borrows with difficulty and upon high terms, and must pledge security out of all proportion to that which his richer rival has to put down.

Put you hand before your eyes and remember, you that have walked, the places from which you have walked away, and the wilderness into which you manfully turned the steps of your abandonment ... It is your business to leave all that you have know altogether behind you, and no man has eyes at the back of his head - go forward.

Coupled with Usury, Unrestricted Competition destroys the small man for the profit of the great and in so doing produces that mass of economically unfree citizens whose very political freedom comes in question because it has no foundation in any economic freedom, that is, any useful proportion of property to support it. Political freedom without economic freedom is almost worthless, and it is because the modern proletariat has the one kind of freedom without the other that its rebellion is now threatening the very structure of the modern world.

Capitalism had arisen through the misuse and exaggeration of certain rights, notably the right of property - the basis of economic freedom - and the right of contract, which is one of the main functions of economic freedom. Therefore, even under Capitalism, so long as the old principles were remembered it was possible to recall the principles whereby Society had once been sane and well ordered.

Had there been any existent vital and energetic institution left in Society after the Reformation for the use of small property in coordinated form-that is, in combination, so that the average man's holding could be put to useful purpose in company with the holdings of a great number of other men of his own sort, the new evils would not have arisen.