to even the best minds during the three or four thousand years of history which mainly concern us. What is the central explanation of the profound change involved here⁠—the shifting of the pivot in all human affairs, in so far as they touch both the individual and the community, from physical ponderable forces to economic imponderable forces? It is surely that, strange as it may seem, the latter forces accomplish the desired result more efficiently and more readily than do the former, which even when they are not completely futile are in comparison wasteful and stultifying. It is the law of the economy of effort. Indeed, the use of physical force usually involves in those employing it the same limitation of freedom (even if in lesser degree) as that which it is desired to impose. Herbert Spencer illustrates the process in the following suggestive passage:

The exercise of mastery inevitably entails on the master himself some sort of slavery more or less pronounced. The uncultured masses and even the greater part of the cultured will regard this statement as absurd, and though many who have read history with an eye to essentials rather than to trivialities know that this is a paradox in the right sense⁠—that is, true in fact though not seeming true⁠—even they are not fully conscious of the mass of evidence establishing it, and will be all the better for having illustrations recalled. Let me begin with the earliest and simplest which serves to symbolize the whole.

Here is a prisoner, with his hands tied and a cord round his neck (as suggested by figures in Assyrian bas-reliefs), being led home by his savage conqueror, who intends to make him a slave. The one you say is captive and the other free. Are you quite sure the other is free? He holds one end of the cord and, unless he means his captive to escape, he must continue to be fastened by keeping hold of the cord in such way that it cannot easily be detached. He must be himself tied to the captive while the captive is tied to him. In other ways his activities are impeded and certain burdens are imposed on him. A wild animal crosses the track and he cannot pursue. If he wishes to drink of the adjacent stream he must tie up his captive, lest advantage be taken of his defenceless position. Moreover, he has to provide food for both. In various ways he is no longer, then, completely at liberty; and these worries adumbrate in a simple manner the universal truth that the instrumentalities by which the subordination of others is effected themselves subordinate the victor, the master, or the ruler.91

Thus it comes that all nations attempting to live by conquest end by being themselves the victims of a military tyranny precisely similar to that which they hope to inflict; or, in other terms, that the attempt to impose by force of arms a disadvantageous commercial situation to the advantage of the conqueror ends in the conqueror’s falling a victim to the very disadvantages from which he hoped by a process of spoliation to profit.

But the truth that economic force always in the long run outweighs physical or military force is illustrated by the simple fact of the universal use of money⁠—the fact that the use of money is not a thing which we choose or can shake off, but a thing imposed by the operation of forces stronger than our volition, stronger than the tyranny of the cruellest tyrant who ever reigned by blood and iron. I think it is one of the most astounding things, to the man who takes a fairly fresh mind to the study of history, that the most absolute despots⁠—men who can command the lives of their subjects with a completeness and a nonchalance of which the modern Western world furnishes no parallel⁠—cannot command money. One asks oneself, indeed, why such an absolute ruler, able as he is by the sheer might of his position and by the sheer force of his power to take everything that exists in his kingdom, and able as he is to exact every sort and character of service, needs money, which is the means of obtaining goods or services by a freely consented exchange. Yet, as we know, it is precisely, in ancient as in modern times, the most absolute despot who is often the most financially embarrassed.92 Is not this a demonstration that in reality physical force is operative in only very narrow limits? It is no mere rhetoric, but the cold truth, to say that under absolutism it is a simple thing to get men’s lives, but often impossible to get money. And the more, apparently, that physical force was exercised, the more difficult did the command of money become. And for a very simple reason⁠—a reason which reveals in rudimentary form that principle of the economic futility of military power with which we are dealing. The phenomenon is best illustrated by a concrete case. If one go today into one of the independent despotisms of Central Asia one will find generally a picture of the most abject poverty. Why? Because the ruler has absolute power to take wealth whenever he sees it, to take it by any means whatever⁠—torture, death⁠—up to the completest limit of uncontrolled physical force. What is the result? The wealth is not created, and torture itself cannot produce a thing which is nonexistent. Step across the frontier into a State under British or Russian protection, where the Khan has some sort of limits imposed on his powers. The difference is immediately perceptible: evidence of wealth and comfort in relative profusion, and, other things being equal, the ruler, whose physical force over his subjects is limited, is a great deal richer than the ruler whose physical force over his subjects is unlimited. In other words, the farther one gets away from physical force, in the acquisition of wealth,

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