elimination of the personal control of vested interests and the gradual transference of the whole economic structure into the hands of joint stock companies.

In this way labour became degraded into an object of speculation in the hands of unscrupulous exploiters. The de-personalization of property ownership increased on a vast scale. Financial exchange circles began to triumph and made slow but sure progress in assuming control of the whole of national life.

Before the War the internationalization of the German economic structure had already begun by the roundabout way of share issues. It is true that a section of the German industrialists made a determined attempt to avert the danger, but in the end they gave way before the united attacks of money-grabbing capitalism, which was assisted in this fight by its faithful henchmen in the Marxist movement.

The persistent war against German 'heavy industries' was the visible start of the internationalization of German economic life as envisaged by the Marxists. This, however, could only be brought to a successful conclusion by the victory which Marxism was able to gain in the Revolution. As I write these words, success is attending the general attack on the German State Railways which are now to be turned over to international capitalists. Thus 'International Social-Democracy' has once again attained one of its main objectives.

The best evidence of how far this 'commercialization' of the German nation was able to go can be plainly seen in the fact that when the War was over one of the leading captains of German industry and commerce gave it as his opinion that commerce as such was the only force which could put Germany on its feet again. This sort of nonsense was uttered just at the time when France was restoring public education on a humanitarian basis, thus doing away with the idea that national life is dependent on commerce rather than ideal values. The statement which Stinnes broadcasted to the world at that time caused incredible confusion. It was immediately taken up and has become the leading motto of all those humbugs and babblers--the 'statesmen' whom Fate let loose on Germany after the Revolution.

One of the worst evidences of decadence in Germany before the War was the ever increasing habit of doing things by halves. This was one of the consequences of the insecurity that was felt all round. And it is to be attributed also to a certain timidity which resulted from one cause or another. And the latter malady was aggravated by the educational system.

German education in pre-War times had an extraordinary number of weak features. It was simply and exclusively limited to the production of pure knowledge and paid little attention to the development of practical ability. Still less attention was given to the development of individual character, in so far as this is ever possible. And hardly any attention at all was paid to the development of a sense of responsibility, to strengthening the will and the powers of decision. The result of this method was to produce erudite people who had a passion for knowing everything. Before the War we Germans were accepted and estimated accordingly. The German was liked because good use could be made of him; but there was little esteem for him personally, on account of this weakness of character. For those who can read its significance aright, there is much instruction in the fact that among all nationalities Germans were the first to part with their national citizenship when they found themselves in a foreign country. And there is a world of meaning in the saying that was then prevalent: 'With the hat in the hand one can go through the whole country'.

This kind of social etiquette turned out disastrous when it prescribed the exclusive forms that had to be observed in the presence of His Majesty. These forms insisted that there should be no contradiction whatsoever, but that everything should be praised which His Majesty condescended to like.

It was just here that the frank expression of manly dignity, and not subservience, was most needed. Servility in the presence of monarchs may be good enough for the professional lackey and place-hunter, in fact for all those decadent beings who are more pleased to be found moving in the high circles of royalty than among