ABSTRACT
The English race owes its power to the development of private enterprise, and the limitation of the attributes of the State. Its progress is therefore the reverse of Socialism, and it only prospers by the fact. The Englishman acting in the character of a private person is extremely conscientious, extremely honest, and respects his engagements in general; but English statesmen, acting in the name of the collective interests of England, are of quite another complexion. The social ideal of the Anglo-Saxons is very clearly defined, whether under the English monarchy or the republic of the United States. While the great Anglo-Saxon republic is in the heyday of prosperity, the Spanish-American republics, notwithstanding an admirable soil and inexhaustible natural wealth, are in the lowest slough of decadence. The preceding remarks enable easily to foresee what small chance of success our ideas of State Socialism, so natural to the Latin peoples, can have among the Anglo-Saxons.
