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Updated: June 12, 2025
The rest of what goes into the argument is the well-known modern state of the industrial arts, and the equally well-known price-system; which, in combination, give its character to the modern state of business enterprise.
The American university or college is coming to be an outlier of the price-system, in point of aims, standards and personnel; hitherto the tradition of learning as a trait of civilisation, as distinct from business, has not been fully displaced, although it is now coming to face the passage of the minimal dose.
What further appears to be clear in the premises, at least to the point of a strong presumption, is that in the present case the decision, or the choice, lies between two alternatives: either the price-system and its attendant business enterprise will yield and pass out; or the pacific nations will conserve their pecuniary scheme of law and order at the cost of returning to a war footing and letting their owners preserve the rights of ownership by force of arms.
As to the limitation imposed by the price-system on the supply of candidates suited by native gift for the human work of civilisation; it would no doubt, be putting the figure extravagantly high to say that the gentlefolk, properly speaking, comprise as much as ten percent of the total population; perhaps something less than one-half of that percentage would still seem a gross overstatement.
So, if the projectors of this peace at large are in any degree inclined to seek concessive terms on which the peace might hopefully be made enduring, it should evidently be part of their endeavours from the outset to put events in train for the present abatement and eventual abrogation of the rights of ownership and of the price-system in which these rights take effect.
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