The chief economic source of Imperialism has been found in the inequality of industrial opportunities by which a favoured class accumulates superfluous elements of income which, in their search for profitable investments, press ever farther afield: the influence on State policy of these investors and their financial managers secures a national alliance of other vested interests which are threatened by movements of social reform: the adoption of Imperialism thus serves the double purpose of securing private material benefits for favoured classes of investors and traders at the public cost, while sustaining the general cause of conservatism by diverting public energy and interest from domestic agitation to external employment.
The ability of a nation to shake off this dangerous usurpation of its power, and to employ the national resources in the national interest, depends upon the education of a national intelligence and a national will, which shall make democracy a political and economic reality. To term Imperialism a national policy is an impudent falsehood: the interests of the nation are opposed to every act of this expansive policy. Every enlargement of Great Britain in the tropics is a distinct enfeeblement of true British nationalism. Indeed, Imperialism is commended in some quarters for this very reason, that by breaking the narrow bounds of nationalities it facilitates and forwards internationalism. There are even those who favour or condone the forcible suppression of small nationalities by larger ones under the impulse of Imperialism, because they imagine that this is the natural approach to a world-federation and eternal peace. A falser view of political evolution it is difficult to conceive. If there is one condition precedent to effective internationalism or to the establishment of any reliable relations between States, it is the existence of strong, secure, well-developed, and responsible nations. Internationalism can never be subserved by the suppression or forcible absorption of nations; for these practices react disastrously upon the springs of internationalism, on the one hand setting nations on their armed defence and stifling the amicable