Charles Montaigne (Centre), in the name of his colleagues, thanked the Freeland people for the magnanimous and extraordinary assistance which they had afforded to the other nations of the earth in their struggles after economic freedom. Not content with showing to the rest of the world the way to economic freedom and justice, Freeland had also made enormous material sacrifices. For his part, he did not know which was the more astonishing, the inexhaustibleness of the resources which Freeland had at its disposal or the disinterested magnanimity exhibited in the employment of those resources.

James Clark (Freeland): In the interest of sober truth, as well as with a view of furthering as much as possible the great work we all have at heart, I must explain that though the Freeland people are always happy to make disinterested sacrifices for the good of their brother peoples, and that in all they do in this way their object is rather to develop and to promote the best interests of mankind than to obtain any advantage for themselves, yet, as a matter of fact, the milliards lent to foreign countries cost Freeland no material sacrifice, but bring it considerable material profit. [Sensation.] Under the régime of economic justice and freedom the solidarity of all economic interests is so universal and without exception, that in Freeland business becomes as profitable as it is possible to conceive of its being while you, with our assistance, are growing rich most rapidly. This would be true if we gave you the milliards instead of lending them. You look at each other and at me with an inquiring astonishment? You hold it to be impossible to become rich by lending gratuitously or by absolutely giving away a part of one's property? Yet nothing is simpler. The subject is a very important one, and will come up for discussion again in the course of our sittings; at present I will only briefly point out that we have been prevented by the misery of the rest of the world from making the right use of the advantages of international division of labour. We have been obliged to manufacture for ourselves goods which we might have obtained better from you; and we have therefore had to produce a smaller quantity of those things which we could have produced most profitably. It is plain that we should be far richer if we could give our attention chiefly to the production of grain for ourselves and for you, and derive from you the supplies we need to meet our demand for manufactured articles. For here the soil yields for an equal amount of labour and capital ten times as much as among you, while few manufactures here yield a larger return for labour and capital than they do abroad. But, on account of the system of exploitation which has prevailed and is not yet got rid of among you--the cheap wages consequent upon which have cramped your use of labour-saving machinery--we have been, and still are, compelled to meet most of our demand for manufactured articles by our own production, since you are scarcely able to produce for yourselves, to say nothing of producing for us, a great number of goods which in the nature of things you ought to be able to produce most profitably both for yourselves and for us, and in exchange for which you would receive our foodstuffs and raw material. We calculate that the removal of this hindrance to the complete international division of labour must increase the productiveness of our labour so much that the resulting gain would be cheaply bought by a permanent sacrifice of many milliards. You need not wonder, then, at finding us always so eager in encouraging you to make the freest and fullest claims upon our resources. You will never dip so deeply into our pockets that we--in our own interest as well as in yours--will not wish to see you dip still deeper. Every farthing spent in hastening the development of your wealth is made good to us ten and twentyfold.

Francis Far (Right): If it is so much to the interest of Freeland to enrich us that Freeland is profited even by making us a gift of its capital, why has it not given us its capital sooner? Who would have hindered it from handing its milliards over to us? Why did it delay so long, and why does it now make its assistance conditional on our accepting its economic institutions?

James Clark: Because so long as you remained in servitude every farthing given to you for such a purpose would have been simply thrown away. Formerly we could do nothing more than support the victims of your social system and mitigate the misery and wretchedness you inflicted upon yourselves. As a matter of fact, there have long been large sums of Freeland capital--bearing interest, it is true--invested in Europe and America. What has been the result? This money has contributed to increase the amount of surplus capital among you: it could not increase the quantity of capital actually employed in production among you, for nothing could have done that but an increased consumption by the people outside of Freeland--and this was not compatible with what were then your economic principles. Therefore we have been able to help you only since you yourselves have held out the hand: our capital will benefit you only because you have at length decided to enjoy the fruits of it yourselves. [General assent.]

The President: In order to preserve a certain amount of order in our discussions, I propose that we at once agree upon a list of the questions to be considered. It may not always be possible to adhere strictly to the order in the list; but it is advisable that each speaker should endeavour as much as possible to confine himself to the subject under discussion. In order to expedite matters, the Freeland government has prepared a kind of agenda, which you can accept, or amend, or reject. The matters for discussion mentioned in this agenda, I may remark, were not introduced on our initiative, but were mentioned by the leaders of the different parties abroad as needing more detailed explanation: we, on our part, contented ourselves with arranging these questions. We propose, therefore, that the following be the order in which the subjects be discussed:

1. How can the fact be explained that never in the course of history, before the founding of Freeland, has there been a successful attempt to establish a commonwealth upon the principles of economic justice and freedom?

2. Is not the success of the Freeland institutions to be attributed merely to the accidental, and therefore probably transient, co-operation of specially favourable circumstances; or do those institutions rest upon conditions universally present and inherent in human nature?

3. Are not want and misery necessary conditions of existence; and would not over-population inevitably ensue were misery for a time to disappear from the earth?

4. Is it possible to introduce the institutions of economic justice everywhere without prejudice to inherited rights and vested interests; and, if possible, what are the best means of doing this?

5. Are economic justice and freedom the ultimate outcome of human evolution; and what will probably be the condition of mankind under such a régime?