„I used to be a hide-bound Tory simply for traditional and antiquarian reasons—and because I had never done any real thinking on civics and industry and the future. The depression—and its concomitant publicisation of industrial, financial, and governmental problems—jolted me out of my lethargy and led me to reëxamine the facts of history in the light of unsentimental scientific analysis; and it was not long before I realised what an ass I had been. The liberals at whom I used to laugh were the ones who were right—for they were living in the present while I had been living in the past. They had been using science while I had been using romantic antiquarianism. At last I began to recognise something of the way in which capitalism works—always piling up concentrated wealth and impoverishing the bulk of the population until the strain becomes so intolerable as to force artificial reform.“

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