In 1917 European history, in the old sense, came to an end. World history began. It was the year of Lenin and Woodrow Wilson, both of whom repudiated the traditional standards of political behaviour. Both preached Utopia, Heaven on Earth. It was the moment of birth for our contemporary world.

American statesmen might like some Europeans more than others and even detect quaint resemblances to their own outlook; but they no more committed themselves to a particular group or country than a nineteenth-century missionary committed himself to the African tribe in which he happened to find himself.

The worker is by nature less imaginative, more level-headed than the capitalist. This is what prevents his becoming one. He is content with small gains. Trade Union officials think about the petty cash; the employer speculates in millions. You can see the difference in their representative institutions. There is no scheme too wild, no rumour too absurd, to be without repercussions on the Stock Exchange. The public house is the home of common sense.

Every historian loves the past or should do. If not, he has mistaken his vocation; but it is a short step from loving the past to regretting that it has ever changed. Conservatism is our greatest trade-risk; and we run psychoanalysts close in the belief that the only "normal" people are those who cause no trouble either to themselves or anybody else.

In the last resort the national question is not a question of schools or of government officials—these are mere preliminaries. It is a question of power. Men wish to decide their own destinies. In a national State this leads them to resist kings and emperors and to demand democracy. In a multinational State they resist the rule of other nationalities as well.