In Mr. Pearson’s second chapter he deals with the stationary order of society, and strives to show that while we are all tending toward it, some nations, notably France, have practically come to it. He adds that when this stationary state is reached, it will produce general discouragement, and will probably affect the intellectual energy of the people concerned. He further points out that our races now tend to change from faith in private enterprises to faith in State organizations, and that this is likely to diminish the vigorous originality of any race. He even holds that we already see the beginning of a decadence, in the decline of speculative thought, and still more in the way of mechanical inventions. It is perfectly true that the _laissez-faire_ doctrine of the old school of political economists is receiving, less and less favor; but after all, if we look at events historically, we see that every race, as it has grown to civilized greatness, has used the power of the State more and more. A great State cannot rely on mere unrestricted individualism, any more than it can afford to crush out all individualism. Within limits, the mercilessness of private commercial warfare must be curbed as we have curbed the individual’s right of private war proper. It was not until the power of the State had become great in England, and until the lawless individualism of feudal times had vanished, that the English people began that career of greatness which has put them on a level with the Greeks in point of intellectual achievement, and with the Romans in point of that material success which is measured by extension through settlement, by conquest, by triumphant warcraft and statecraft. As for Mr. Pearson’s belief that we now see a decline in speculative thought and in mechanical invention, all that can be said is that the facts do not bear him out.