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The alliance between the two principles will not leave either of them intact; but it will necessarily do more harm to the Jeffersonian group of political ideas than it will to the Hamiltonian. The latter's nationalism can be adapted to democracy without an essential injury to itself, but the former's democracy cannot be nationalized without being transformed.
It is not too much to say that no permanent good can, under existing conditions, come to the individual and society except through the preservation and the development of the existing system of nationalized states. Radical and enthusiastic democrats have usually failed to attach sufficient importance to the ties whereby civilized men are at the present time actually united.
The truth is, of course, that intellectual individuality and independence were sacrificed for the benefit of social homogeneity and the quickest possible development of American economic opportunities; and in this way a vital relation has been established for Americans between the assertion of intellectual independence or moral individuality and the adoption of a nationalized economic and political system.
Resources are nationalized together with the financial and industrial machinery of Russia. The Bill of Rights contained in the first section of the Russian Constitution is a pronouncement in favor of the liberty of the workers from every form of exploitation and economic oppression. The Russian revolution was directed against capitalism in Russia and against imperialism everywhere.
Undoubtedly, when the plan of a nationalized industrial system, and an equal sharing of results, with its promise of the abolition of poverty and the reign of universal comfort, was first presented to the people, the very greatness of the salvation it offered operated to hinder its acceptance. It seemed too good to be true.
Slavery virtually must be nationalized, and the Constitution be interpreted so as to carry it all over the territories now existing, or to be acquired, or the free States have broken the Constitution, and the slave States may leave the Union whenever it suits their pleasure. It is easy to see how time has brought about such a revolution of feeling and idea respecting slavery.
During the Revolution Moise Piedefer bought up the nationalized land, pulled down abbeys and churches with all the zeal of his ancestors, oddly enough, and married a Catholic, the only daughter of a member of the Convention who had perished on the scaffold. This ambitious Piedefer died in 1819, leaving a little girl of remarkable beauty.
When the nation finally took possession absolutely in perpetuity of all the lands, machinery, and capital after the final collapse of private capitalism, there must have been doubtless some sort of final settling and balancing of accounts between the people and the capitalists whose former properties had been nationalized. How was that managed? What was the basis of final settlement?"
The still more complete decay of the Roman marine which, moreover, had remained an object of antipathy to the Romans and had never been fully nationalized scarcely requires to be mentioned. Here too, on all sides, everything that could be ruined at all had been reduced to ruin under the oligarchic government. Its Reorganization by Caesar
So, if you are directing the policy of a nationalized coal industry, and decide to make a loss on a portion of your sales, you will need to know that the indirect benefit which the community will derive from this particular part of your coal output is worth the loss which you incur.
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