History does not show greed of gain as the motive of the great steps in industrial progress. The love of science, the pure delight of mechanical inve… - John Atkinson Hobson

Industrial progress would undoubtedly be slower under state-control, because the very object of such control is to divert a larger proportion of human genius and effort from these occupations in order to apply them in producing higher forms of wealth. It is not, however, right to assume that progress in the industrial arts would cease under state-industry; such progress would be slower, and would itself partake of a routine character—a slow, continuous adjustment of the mechanism of production and distribution to the slowly-changing needs of the community.

On what a slippery slope ...international morality reposes.

There can, we are told, be no real "rights" of nations because there exists no "sanction," no recognised tribunal to define and enforce rights. ... It may here suffice to say that the maintenance under ordinary conditions of treaty relations, international credit and exchange, a common postal, and within narrower limits, a common railway system, not to mention the actual machinery of conventions and conferences for concerted international action, and the whole unwritten law of war and international courtesies, embassies, consulates, and the like—all these things rest upon a basis of recognition of certain reciprocal duties, the neglect or violation of which would be punished by forfeiture of most favoured nations' treatment in the future, and by the reprobation and the possibly combined intervention of other States.