turn on questions of the maintenance and dignity of these superior elements of the population. The objective end of protracted warlike endeavor necesBarily shifts from business advaii' tage to dynastic ascendancy and courtly honor. Business interests fall to the position of fiscal ways and means, and business traffic becomes pubservient to higher ends, with a fair chance of ultimate exhaustion or collapse through the bankruptcy of the state.' Business enterprise is an individual matter, not a collective one. So long as the individual business man sees a proximate gain for himself in meeting the demands for war funds and materials to maintain the courtly and official establishments I that go with military politics, it is not in the
' Cf. Hobioii, impenafim, pt. I. ch.VU., pi, U. ch. I, itnd Vll
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nature of the busiuess man to draw back. It is always his profits, not his livelihood, that ia involved ; the question which touches his profits is the relative gainfulness of alternative lines of investment open to him. So long as