importation of yellow labour for domestic and industrial service in the West. This is a weapon which they hold in reserve, should they need to use it in order to keep the populace in safe subjection.
Those who regard with complacency the rapid development of China, because of a general conviction that the liberation of these great productive forces must by ordinary processes of commercial intercourse be beneficial to the Western nations, entirely miss the issue. The peaceful, equitable distribution over the industrial world of the increase of world-wealth rising from the development of China implies a successful movement of industrial democracy in the Western nations, yielding not merely increased productivity of their national resources, but a continual rise in standard of consumption of the peoples. Such a condition might, by securing ordinary processes of world-exchange, enrich the nations with a legitimate share of the prosperity of China. But the economic raison d’être of Imperialism in the opening up of China is, as we see, quite other than the maintenance of ordinary commerce: it consists in establishing a vast new market for Western investors, the profits of which will represent the gains of an investing class and not the gains of whole peoples. The normal healthy processes of assimilation of increased world-wealth by nations are inhibited by the nature of this Imperialism, whose essence consists in developing markets for investment, not for trade, and in using the superior economies of cheap foreign production to supersede the industries of their own nation, and to maintain the political and economic domination of a class.
IV
So far the influence of the “opening” or “break-up” of China upon the Western world has been the subject of inquiry. Let us now ask what this "break-up” means for China. Certain plain features stand out in the structure of Chinese society. China has never been a great Empire, or had any strong national existence in the European sense. The central