Wherever the Industrial system has reached its second generation it is threatened by two mortal perils. The first is the demand by an organized proletariat for sustenance without relation to the product of its labor; a demand which threatens the very existence of PROFIT (on the necessary presumption of which Capitalism reposes). The second, and immediately graver danger is that of a revolt for the confiscation of the means of production.

It is sometimes necessary to lie damnably in the interests of the nation.

It has unfortunately now become a habit for so many generations, that it has almost passed into an instinct throughout the Jewish body, to rely upon the weapon of secrecy. Secret societies, a language kept as far as possible secret, the use of false names in order to hide secret movements, secret relations between various parts of the Jewish body: all these and other forms of secrecy have become the national method.

But if we are to retain freedom, then we can only do so by keeping the determining mass of the citizens the possessors of property with personal control over it, as individuals or as families. For property is the necessary condition of economic freedom in the full sense of that term. He that has not property is under economic servitude to him who has property, whether the possessor of it be another individual or the State.

Will not perhaps the temporal power of Islam return and with it the menace of an armed Mohammedan world, which will shake off the domination of Europeans - still nominally Christian - and reappear as the prime enemy of our civilization? The future always comes as a surprise, but political wisdom consists in attempting at least some partial judgment of what that surprise may be. And for my part I cannot but believe that a main unexpected thing of the future is the return of Islam.

The old freedom sufficiently survives in the mind of the wage earner to give him the illusion that, while accepting insurance and maintenance from the capitalist state, he can still be a full citizen. He thinks he can have his cake and eat it too. He is mistaken. The great capitalists who procured these regulations from the politicians knew what they were at. They were catching their proletariat in a net, and now they hold it fast.

The whole art of the political speech is to put 'nothing' into it. It is much more difficult than it sounds.