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and¡¡Let¡¡Live¡£¡¡Not¡¡so¡¡in¡¡their¡¡domestic¡¡policy£»¡¡however¡£¡¡They¡¡have¡¡
all¡¡endowed¡¡themselves¡¡with¡¡all¡¡the¡¡encumbrances¡¡of¡¡national¡¡
pretensions¡¡and¡¡discrimination¡¡which¡¡their¡¡circumstances¡¡will¡¡
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business¡¡community£»¡¡all¡¡designed¡¡for¡¡the¡¡benefit¡¡of¡¡the¡¡vested¡¡
interests¡¡and¡¡the¡¡kept¡¡classes¡¡of¡¡the¡¡nation£»¡¡and¡¡all¡¡at¡¡the¡¡cost¡¡
of¡¡the¡¡common¡¡man¡£¡¡
¡¡¡¡¡¡¡¡The¡¡case¡¡of¡¡these¡¡relatively¡¡free£»¡¡relatively¡¡unassuming£»¡¡and¡¡
relatively¡¡equitable¡¡national¡¡establishments¡¡is¡¡also¡¡instructive¡£¡¡
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together¡¡with¡¡some¡¡incidental¡¡benefit¡¡to¡¡the¡¡vested¡¡interests¡¡and¡¡
the¡¡kept¡¡classes¡¡at¡¡the¡¡cost¡¡of¡¡the¡¡underlying¡¡community¡£¡¡These¡¡
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fairly¡¡grotesque¡¡dimensions¡¡and¡¡a¡¡national¡¡consular¡¡service¡¡of¡¡
more¡¡grotesque¡¡dimensions¡¡still¡£¡¡This¡¡situation¡¡is¡¡heightened¡¡by¡¡
their¡¡relatively¡¡sterile¡¡soil£»¡¡their¡¡somewhat¡¡special¡¡and¡¡narrow¡¡
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outlay¡¡and¡¡obstruction¡¡should¡¡work¡¡great¡¡hardship¡¡to¡¡the¡¡
underlying¡¡community¡¡whose¡¡industry¡¡is¡¡called¡¡on¡¡to¡¡carry¡¡this¡¡
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effects£»¡¡and¡¡these¡¡should¡¡not¡¡be¡¡overlooked£»¡¡particularly¡¡since¡¡
the¡¡case¡¡is¡¡fairly¡¡typical¡¡of¡¡what¡¡commonly¡¡happens¡£¡¡The¡¡waste¡¡
and¡¡sabotage¡¡of¡¡the¡¡national¡¡establishment¡¡and¡¡its¡¡obstructive¡¡
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of¡¡the¡¡new¡¡order£»¡¡so¡¡long¡¡as¡¡business¡¡and¡¡industry¡¡are¡¡managed¡¡
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provided¡¡for£»¡¡on¡¡pain¡¡of¡¡a¡¡failing¡¡market¡£¡¡And¡¡all¡¡this¡¡may¡¡as¡¡
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service£»¡¡and¡¡a¡¡customs¡¡frontier¡£¡¡In¡¡the¡¡absence¡¡of¡¡all¡¡this¡¡
national¡¡apparatus¡¡of¡¡sabotage¡¡substantially¡¡the¡¡same¡¡results¡¡
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conspiracy¡¡in¡¡restraint¡¡of¡¡trade¡¡among¡¡the¡¡vested¡¡interests¡£¡¡
There¡¡is¡¡always¡¡something¡¡to¡¡be¡¡said¡¡for¡¡the¡¡national¡¡integrity¡£¡¡
¡¡¡¡¡¡¡¡The¡¡case¡¡of¡¡these¡¡Scandinavian¡¡nations£»¡¡taken¡¡in¡¡connection¡¡
and¡¡comparison¡¡with¡¡what¡¡is¡¡to¡¡be¡¡seen¡¡elsewhere£»¡¡appears¡¡to¡¡say¡¡
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and¡¡peaceable¡¡behavior£»¡¡to¡¡an¡¡establishment¡¡which¡¡carries¡¡these¡¡
attributes¡¡of¡¡self¡­determination¡¡and¡¡self¡­help¡£¡¡The¡¡more¡¡nearly¡¡
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more¡¡nearly¡¡will¡¡it¡¡be¡¡compatible¡¡with¡¡the¡¡rule¡¡of¡¡Live¡¡and¡¡Let¡¡
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is¡¡plain¡¡without¡¡argument£»¡¡that¡¡the¡¡most¡¡beneficent¡¡change¡¡that¡¡
can¡¡conceivably¡¡overtake¡¡any¡¡national¡¡establishment¡¡would¡¡be¡¡to¡¡
let¡¡it¡¡fall¡¡into¡¡¡¨innocuous¡¡desuetude¡£¡¨¡¡Apparently£»¡¡the¡¡less¡¡of¡¡
it¡¡the¡¡better£»¡¡with¡¡no¡¡apparent¡¡limit¡¡short¡¡of¡¡the¡¡vanishing¡¡
point¡£¡¡
¡¡¡¡¡¡¡¡Such¡¡appears¡¡to¡¡be¡¡the¡¡object¡­lesson¡¡enforced¡¡by¡¡recent¡¡and¡¡
current¡¡events£»¡¡in¡¡so¡¡far¡¡as¡¡concerns¡¡the¡¡material¡¡fortunes¡¡of¡¡
the¡¡underlying¡¡community¡¡at¡¡large¡¡as¡¡well¡¡as¡¡the¡¡keeping¡¡of¡¡the¡¡
peace¡£¡¡But¡¡it¡¡does¡¡not¡¡therefore¡¡follow¡¡that¡¡all¡¡men¡¡and¡¡classes¡¡
will¡¡have¡¡the¡¡same¡¡interest¡¡in¡¡so¡¡neutralising¡¡the¡¡nation's¡¡
powers¡¡and¡¡disallowing¡¡the¡¡national¡¡pretensions¡£¡¡The¡¡existing¡¡
nations¡¡are¡¡not¡¡of¡¡a¡¡homogeneous¡¡make¡­up¡¡within¡¡themselves¡¡¡¡
perhaps¡¡less¡¡so¡¡in¡¡proportion¡¡as¡¡they¡¡have¡¡progressively¡¡come¡¡
under¡¡the¡¡rule¡¡of¡¡the¡¡new¡¡order¡¡in¡¡industry¡¡and¡¡in¡¡business¡£¡¡
There¡¡is¡¡an¡¡increasingly¡¡evident¡¡cleavage¡¡of¡¡interest¡¡between¡¡
industry¡¡and¡¡business£»¡¡or¡¡between¡¡production¡¡and¡¡ownership£»¡¡or¡¡
between¡¡tangible¡¡performance¡¡and¡¡free¡¡income£»¡¡¡¡one¡¡phrase¡¡may¡¡
serve¡¡as¡¡well¡¡as¡¡another£»¡¡and¡¡neither¡¡is¡¡quite¡¡satisfactory¡¡to¡¡
mark¡¡the¡¡contrast¡¡of¡¡interest¡¡between¡¡the¡¡common¡¡man¡¡on¡¡the¡¡one¡¡
hand¡¡and¡¡the¡¡vested¡¡interests¡¡and¡¡kept¡¡classes¡¡on¡¡the¡¡other¡¡hand¡£¡¡
But¡¡it¡¡should¡¡be¡¡sufficiently¡¡plain¡¡that¡¡the¡¡national¡¡
establishment¡¡and¡¡its¡¡control¡¡of¡¡affairs¡¡has¡¡a¡¡value¡¡for¡¡the¡¡
vested¡¡interests¡¡different¡¡from¡¡what¡¡it¡¡has¡¡for¡¡the¡¡underlying¡¡
community¡£¡¡
¡¡¡¡¡¡¡¡Quite¡¡plainly¡¡the¡¡new¡¡order¡¡in¡¡industry¡¡has¡¡no¡¡use¡¡or¡¡place¡¡
for¡¡national¡¡discrimination¡¡or¡¡national¡¡pretensions¡¡of¡¡any¡¡kind£»¡¡
and¡¡quite¡¡plainly¡¡such¡¡a¡¡phrase¡¡as¡¡¡¨national¡¡integrity¡¨¡¡has¡¡no¡¡
shadow¡¡of¡¡meaning¡¡for¡¡this¡¡new¡¡industrial¡¡order¡¡which¡¡overruns¡¡
national¡¡frontiers¡¡and¡¡overcomes¡¡national¡¡discrimination¡¡as¡¡best¡¡
it¡¡can£»¡¡in¡¡all¡¡directions¡¡and¡¡all¡¡the¡¡time¡£¡¡For¡¡industry¡¡as¡¡
carried¡¡on¡¡under¡¡the¡¡new¡¡order£»¡¡the¡¡overcoming¡¡of¡¡national¡¡
discrimination¡¡is¡¡part¡¡of¡¡the¡¡ordinary¡¡day's¡¡work¡£¡¡But¡¡it¡¡is¡¡
otherwise¡¡with¡¡the¡¡new¡¡order¡¡of¡¡business¡¡enterprise£»¡¡¡¡
large¡­scale£»¡¡corporate£»¡¡resting¡¡on¡¡intangible¡¡assets£»¡¡and¡¡turning¡¡
on¡¡free¡¡income¡¡which¡¡flows¡¡from¡¡managerial¡¡sabotage¡£¡¡The¡¡business¡¡
community¡¡has¡¡urgent¡¡need¡¡of¡¡an¡¡efficient¡¡national¡¡establishment¡¡
both¡¡at¡¡home¡¡and¡¡abroad¡£¡¡A¡¡settled¡¡government£»¡¡duly¡¡equipped¡¡with¡¡
national¡¡pretensions£»¡¡and¡¡with¡¡legal¡¡and¡¡military¡¡power¡¡to¡¡
maintain¡¡the¡¡sacredness¡¡of¡¡contracts¡¡at¡¡home¡¡and¡¡to¡¡enforce¡¡the¡¡
claims¡¡of¡¡its¡¡business¡¡men¡¡abroad£»¡¡¡¡such¡¡an¡¡establishment¡¡is¡¡
invaluable¡¡for¡¡the¡¡conduct¡¡of¡¡business£»¡¡though¡¡its¡¡industrial¡¡
value¡¡may¡¡not¡¡unusually¡¡be¡¡less¡¡than¡¡nothing¡£¡¡
¡¡¡¡¡¡¡¡Industry¡¡is¡¡a¡¡matter¡¡of¡¡tangible¡¡performance¡¡in¡¡the¡¡way¡¡of¡¡
producing¡¡goods¡¡and¡¡services¡£¡¡And¡¡in¡¡this¡¡connection¡¡it¡¡is¡¡well¡¡
to¡¡recall¡¡that¡¡a¡¡vested¡¡interest¡¡is¡¡a¡¡prescriptive¡¡right¡¡to¡¡get¡¡
something¡¡for¡¡nothing¡£¡¡Now£»¡¡any¡¡project¡¡of¡¡reconstruction£»¡¡the¡¡
scope¡¡and¡¡method¡¡of¡¡which¡¡are¡¡governed¡¡by¡¡considerations¡¡of¡¡
tangible¡¡performance£»¡¡is¡¡likely¡¡to¡¡allow¡¡only¡¡a¡¡subsidiary¡¡
consideration¡¡or¡¡something¡¡less¡¡to¡¡the¡¡legitimate¡¡claims¡¡of¡¡the¡¡
vested¡¡interests£»¡¡whether¡¡they¡¡are¡¡vested¡¡interests¡¡of¡¡business¡¡
or¡¡of¡¡privilege¡£¡¡It¡¡is¡¡more¡¡than¡¡probable¡¡that¡¡in¡¡such¡¡a¡¡case¡¡
national¡¡pretensions¡¡in¡¡the¡¡way¡¡of¡¡preferential¡¡concessions¡¡in¡¡
commerce¡¡and¡¡investment¡¡will¡¡be¡¡allowed¡¡to¡¡fall¡¡into¡¡neglect£»¡¡so¡¡
far¡¡as¡¡to¡¡lose¡¡all¡¡value¡¡to¡¡any¡¡vested¡¡interest¡¡whose¡¡fortunes¡¡
they¡¡touch¡£¡¡These¡¡things¡¡have¡¡no¡¡effect¡¡in¡¡the¡¡way¡¡of¡¡net¡¡
tangible¡¡performance¡£¡¡They¡¡only¡¡afford¡¡ground¡¡for¡¡preferential¡¡
pecuniary¡¡rights£»¡¡always¡¡at¡¡the¡¡cost¡¡of¡¡someone¡¡else£»¡¡but¡¡they¡¡
are¡¡of¡¡the¡¡essence¡¡of¡¡things¡¡in¡¡that¡¡pecuniary¡¡order¡¡within¡¡which¡¡
the¡¡vested¡¡interests¡¡of¡¡business¡¡live¡¡and¡¡move¡£¡¡So¡¡also¡¡such¡¡a¡¡
matter¡­of¡­fact¡¡project¡¡of¡¡reconstruction¡¡will¡¡be¡¡likely¡¡
materially¡¡to¡¡revise¡¡outstanding¡¡credit¡¡obligations£»¡¡including¡¡
corporation¡¡securities£»¡¡or¡¡perhaps¡¡even¡¡bluntly¡¡to¡¡disallow¡¡
claims¡¡of¡¡this¡¡character¡¡to¡¡free¡¡income¡¡on¡¡the¡¡part¡¡of¡¡
beneficiaries¡¡who¡¡can¡¡show¡¡no¡¡claim¡¡on¡¡grounds¡¡of¡¡current¡¡
tangible¡¡performance¡£¡¡All¡¡of¡¡which¡¡is¡¡inimical¡¡to¡¡the¡¡best¡¡good¡¡
of¡¡the¡¡vested¡¡interests¡¡and¡¡the¡¡kept¡¡classes¡£¡¡
¡¡¡¡¡¡¡¡Reconstruction¡¡which¡¡partakes¡¡of¡¡this¡¡character¡¡in¡¡any¡¡
sensible¡¡degree¡¡will¡¡necessarily¡¡be¡¡viewed¡¡with¡¡the¡¡liveliest¡¡
apprehension¡¡by¡¡the¡¡gentlemanly¡¡statesmen¡¡of¡¡the¡¡old

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