may be second nature. But Capitalism was never anything so human as a habit; we may say it was never anything so good as a bad habit. It was never a custom; for men never grew accustomed to it. It was never even conservative; for before it was even created wise men had realised that it could not be conserved. It was from the first a problem; and those who will not even admit the Capitalist problem deserve to get the Bolshevist solution. All things considered, I cannot say anything worse of them than that.
The recent Presidential election preserved some trace of the old Party System of America; but its tradition has very nearly faded like that of the Party System of England. It is easy for an Englishman to confess that he never quite understood the American Party System. It would perhaps be more courageous in him, and more informing, to confess that he never really understood the British Party System. The planks in the two American platforms may easily be exhibited as very disconnected and ramshackle; but our own party was as much of a patchwork, and indeed I think even more so. Everybody knows that the two American factions were called 'Democrat' and 'Republican.' It does not at all cover the case to identify the former with Liberals and the latter with Conservatives. The Democrats are the party of the South and have some true tradition from the Southern aristocracy and the defence of Secession and State Rights. The Republicans rose in the North as the party of Lincoln, largely condemning slavery. But the Republicans are also the party of Tariffs, and are at least accused of being the party of Trusts. The Democrats are the party of Free Trade; and in
