ABSTRACT
Imperialism implies the use of the machinery of government by private interests, mainly capitalists, to secure for them economic gains outside their country. The growth of naval and military expenditure from about 25 to 79 millions in a little over a quarter of a century is the most significant fact of imperialist finance. Some allowance may also be made for the principles and personal convictions of political financiers trained in the English science of political economy, and more for the temptation of competing parties to seek the favour of the newly enfranchised populace by a well-paraded policy of class taxation. It is probable that imperialist finance is not yet prepared to admit the name or the full economic policy of Protection. Imperialism makes everywhere for indirect taxation; not chiefly on grounds of convenience, but for purposes of concealment. The anomaly of Imperialism attended by direct taxation.
