America, the pioneer of Western progress, is thought by many to display the worship of money in its most perfect form. A well-to-do American, who already has more than enough money to satisfy all reasonable requirements, almost always continues to work at his office with an assiduity which would only be pardonable if starvation were the alternative.

But England, except among a small minority, is almost as much given over to the worship of money as America. Love of money in England takes, as a rule, the form of snobbishly desiring to maintain a certain social status, rather than of striving after an indefinite increase of income. Men postpone marriage until they have an income enabling them to have as many rooms and servants in their house as they feel that their dignity requires. This makes it necessary for them while they are young to keep a watch upon their affections, lest they should be led into an imprudence: they acquire a cautious habit of mind, and a fear of “giving themselves away,” which makes a free and vigorous life impossible. In acting as they do they imagine that they are being virtuous, since they would feel it a hardship for a woman to be asked to descend to a lower social status than that of her parents, and a degradation to themselves to marry a woman whose social status was not equal to their own. The things of nature are not valued in comparison with money. It is not thought a hardship for a woman to have to accept, as her only experience of love, the prudent and limited attentions of a man whose capacity for emotion has been lost during years of wise restraint or sordid relations with women whom he did not respect. The woman herself does not know that it is a hardship; for she, too, has been taught prudence for fear of a descent in the social scale, and from early youth she has had it instilled into her that strong feeling does not become a young woman. So the two unite to slip through life in ignorance of all that is worth knowing. Their ancestors were not restrained from passion by the fear of hell-fire, but they are restrained effectually by a worse fear, the fear of coming down in the world.

The same motives which lead men to marry late also lead them to limit their families. Professional men wish to send their sons to a public school, though the education they will obtain is no better than at a grammar school, and the companions with whom they will associate are more vicious. But snobdom has decided that public schools are best, and from its verdict there is no appeal. What makes them the best is that they are the most expensive. And the same social struggle, in varying forms, runs through all classes except the very highest and the very lowest. For this purpose men and women make great moral efforts, and show amazing powers of self-control; but all their efforts and all their self-control, being not used for any creative end, serve merely to dry up the well-spring of life within them, to make them feeble, listless, and trivial. It is not in such a soil that the passion which produces genius can be nourished. Men’s souls have exchanged the wilderness for the drawing-room: they have become cramped and petty and deformed, like Chinese women’s feet. Even the horrors of war have hardly awakened them from the smug somnambulism of respectability. And it is chiefly the worship of money that has brought about this deathlike slumber of all that makes men great.

In France the worship of money takes the form of thrift. It is not easy to make a fortune in France, but an inherited competence is very common, and where it exists the main purpose of life is to hand it on undiminished, if not increased. The French rentier is one of the great forces in international politics: it is he through whom France has been strengthened in diplomacy and weakened in war, by increasing the supply of French capital and diminishing the supply of French men. The necessity of providing a dot for daughters, and the subdivision of property by the law of inheritance, have made the family more powerful, as an institution, than in any other civilized country. In order that the family may prosper, it is kept small, and the individual members are often sacrificed to it. The desire for family continuity makes men timid and unadventurous: it is only in the organized proletariat that the daring spirit survives which made the Revolution and led the world in political thought and practice. Through the influence of money, the strength of the family has become a weakness to the nation by making the population remain stationary and even tend to decline. The same love of safety is beginning to produce the same effects elsewhere; but in this, as in many better things, France has led the way.

In Germany the worship of money is more recent than in France, England, and America; indeed, it hardly existed until after the Franco-Prussian War. But it has been adopted now with the same intensity and whole-heartedness which have always marked German beliefs. It is characteristic that, as in France the worship of money is associated with the family, so in Germany it is associated with the State. Liszt, in deliberate revolt against the English economists, taught his compatriots to think of economics in national terms, and the German who develops a business is felt, by others as well as by himself, to be performing a service to the State. Germans believe that England’s greatness is due to industrialism and Empire, and that our success in these is due to an intense nationalism. The apparent internationalism of our Free Trade policy they regard as mere hypocrisy. They have set themselves to imitate what they believe we really are, with only the hypocrisy omitted. It must be admitted that their success has been amazing. But in the process they have destroyed almost all that made Germany of value to the world, and they have not adopted whatever of good there may have been among us, since that was all swept aside in the wholesale condemnation of “hypocrisy.” And in adopting our worst faults, they have made them far worse by a system, a thoroughness, and a unanimity of which we are happily incapable. Germany’s religion is of great importance to the world, since Germans have a power of real belief, and have the energy to acquire the virtues and vices which their creed demands. For the sake of the world, as well as for the sake of Germany, we must hope that they will soon abandon the worship of wealth which they have unfortunately learnt from us.

Worship of money is no new thing, but it is a more harmful thing than it used to be, for several reasons. Industrialism has made work more wearisome and intense, less capable of affording pleasure and interest by the way to the man who has undertaken it for the sake of money. The power of limiting families has opened a new field for the operation of thrift. The general increase in education and self-discipline has made men more capable of pursuing a purpose consistently in spite of temptations, and when the purpose is against life it becomes more destructive with every increase of tenacity in those who adopt it. The greater productivity resulting from industrialism has enabled us to devote more labor and capital to armies and navies for the protection of our wealth from envious neighbors, and for the exploitation of inferior races, which are ruthlessly wasted by the capitalist régime. Through the fear of losing money, forethought and anxiety eat away men’s power of happiness, and the dread of misfortune becomes a greater misfortune than the one which is dreaded. The happiest men and women, as we can all testify from our own experience, are those who are indifferent to money because they have some positive purpose which shuts it out. And yet all our political thought, whether imperialist, radical, or socialist, continues to occupy itself almost exclusively with men’s economic desires, as though they alone had real importance.

In judging of an industrial system, whether the one under which we live or one proposed by reformers, there are four main tests which may be applied. We may consider whether the system secures (1) the maximum of production, or (2) justice in distribution, or (3) a tolerable existence for producers, or (4) the greatest possible freedom and stimulus to vitality and progress. We may say, broadly, that the present system aims only at the first of these objects, while socialism aims at the second and third. Some defenders of the present system contend that technical progress is better promoted by private enterprise than it would be if industry were in the hands of the State; to this extent they recognize the fourth of the objects we have enumerated. But they recognize it only on the side of the goods and the capitalist, not on the side of the wage-earner. I believe that the fourth is much the most important of the objects to be aimed at, that the present system is fatal to it, and that orthodox socialism might well prove equally fatal.

One of the least questioned assumptions of the capitalist system is, that production ought to be increased in amount by every possible means: by new kinds of machinery, by employment of women and boys, by making hours of labor as long as is compatible with efficiency. Central African natives, accustomed to living on raw fruits of the earth and defeating Manchester by dispensing with clothes, are compelled to work by a hut tax which they can only pay by taking employment under European capitalists. It is admitted that they are perfectly happy while they remain free from European influences, and that industrialism brings upon them, not only the unwonted misery of confinement, but also death from diseases to which white men have become partially immune. It is admitted that the best negro workers are the “raw natives,” fresh from the bush, uncontaminated by previous experience of wage-earning. Nevertheless, no one effectively contends that they ought to be preserved from the deterioration which we bring, since no one effectively doubts that it is good to increase the world’s production at no matter what cost.

The belief in the importance of production has a fanatical irrationality and ruthlessness. So long as something is produced, what it is that is produced seems to be thought a matter of no account. Our whole economic system encourages this view, since fear of unemployment makes any kind of work a boon to wage-earners. The mania for increasing production has turned men’s thoughts away from much more important problems, and has prevented the world from getting the benefits it might have got out of the increased productivity of labor.

When we are fed and clothed and housed, further material goods are needed only for ostentation.[12] With modern methods, a certain proportion of the population, without working long hours, could do all the work that is really necessary in the way of producing commodities. The time which is now spent in producing luxuries could be spent partly in enjoyment and country holidays, partly in better education, partly in work that is not manual or subserving manual work. We could, if we wished, have far more science and art, more diffused knowledge and mental cultivation, more leisure for wage-earners, and more capacity for intelligent pleasures. At present not only wages, but almost all earned incomes, can only be obtained by working much longer hours than men ought to work. A man who earns £800 a year by hard work could not, as a rule, earn £400 a year by half as much work. Often he could not earn anything if he were not willing to work practically all day and every day. Because of the excessive belief in the value of production, it is thought right and proper for men to work long hours, and the good that might result from shorter hours is not realized. And all the cruelties of the industrial system, not only in Europe but even more in the tropics, arouse only an occasional feeble protest from a few philanthropists. This is because, owing to the distortion produced by our present economic methods, men’s conscious desires, in such matters, cover only a very small part, and that not the most important part, of the real needs affected by industrial work. If this is to be remedied, it can only be by a different economic system, in which the relation of activity to needs will be less concealed and more direct.