But, if retrenchment is an inadmissible policy for Socialists, what about reform? I can only say that I wish all such words as “reform,” “progress,” “advanced” etc. were at the bottom of the sea. They are mischievous because they lend colour to the vague idea which exists in the minds of so many “moderns” that if we keep on moving fast enough we are sure to be all right. It never seems to occur to people that something depends on the direction. What I want to know about a man is not whether he is “progressive” or “advanced” or “modern” or “a reformer,” but whether he wants to do the same things that I want to do. If he wants to do the exact opposite the less “advanced” and “progressive” he is the better. When therefore amiably muddy-minded people talk about “Reform” all we have to ask them is, “What reform?” What did Cobden and Gladstone mean by “reform?” What do the present-day Liberals and Radicals mean by it? One thing is certain; neither has ever meant social reform--the only kind that seems to me to matter; or, if the thought of social questions ever crossed their minds at all, at least neither has ever meant collectivist social reform--the only kind that in my view can ever be effective. What the Liberals meant and mean, so far as they now mean anything at all, was and is political reform and political reform along certain defined lines. The old Radical programme of political change is worn so threadbare that it is hardly worth discussing at this time of day. As however, in the general resurrection of Gladstonian Ghosts, which we are now witnessing, a very attenuated spectre of the Old Radical-Republican propaganda of the ’sixties seems disposed to put in an appearance, it may be worth while to say a word or two about it.