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Croly, Herbert David, 1869-1930

"The Promise of American Life"


They bought off their commercial and industrial conquerors with the
concession of free trade, because at the time such a concession did not
seem to injure their own interests; and they agreed to let the English
business man practically dictate the national policy. In this way they
preserved their political and social privileges and have gradually so
identified the interests of the well-to-do middle class with their
interest that the two have become scarcely distinguishable. The
aristocracy of privilege and the aristocracy of wealth are absolutely
united in their devotion to the existing political organization and
policy of the United Kingdom.
This bargain appeared to work very well for a while; but indications are
accumulating that a let-alone economic policy has not preserved the
vitality of the British economic system. The English farmer has lost
ambition, and has been sacrificed to the industrial growth of the
nation, while the industrial growth itself no longer shows its former
power of expansion.


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