ABSTRACT
The statistician was certainly right, in view of what had happened in the German, Austrian, Russian, and Turkish Empires, and, in a lesser way, in Britain, France, and Italy also, to hold that the economist was considerably overrating the security with which inherited fortunes could be preserved, and even increased, by the investment facilities of the twentieth century. Meanwhile Radical journalism, somewhat more responsibly, perhaps, than Labour’s, had been harping on the theme of the employment opportunities which had been allegedly lost owing to Russian resentment, and on the hopes that had arisen among continental reactionaries and Fascists that the Baldwin Government had taken the first step in a possible new anti-Communist Crusade. The gossip-writers of the winter of 1926–7 found Mosley’s efforts to fit himself for proletarian leadership by changes of dress and manner distinctly stimulating.
