What of the world since the Peace of Versailles? Hatred, suspicion, selfishness are the dominant notes. The nations of Europe are bankrupt financially, and the governments of the world are bankrupt politically. Society is dissolving into classes and factions, either at open war or manoeuvering for position, awaiting the favourable moment. Law and order are mocked at, philosophy and religion disregarded, and of all the varied objects of human veneration so loudly acclaimed and loftily exalted by the generation that preceded the war, not one remains to command a wide allegiance. One might put it in a sentence and say that everyone is dissatisfied with everything, and is showing his feelings after varied but disquieting fashion. It is a condition of unstable equilibrium constantly tending by its very nature to a point where dissolution is apparently inevitable. It is no part of my task to elaborate this thesis, and still less to magnify its perils. Enough has been said and written on this subject during the last two years; more than enough, perhaps, and in any case no thinking person is unaware of the conditions that exist, whatever may be his estimate of their significance, his interpenetration of their tendency. I have set myself the task of trying to suggest some constructive measures that we may employ in laying the foundations for the immediate future; they may be wrong in whole or in part, but at least my object and motive are not recrimination or invective, but regeneration. Nevertheless, as a foundation the case must be stated, and as a necessary preparation to any work that looks forward we must have at least a working hypothesis as to how the conditions that need redemption were brought about. I state the case thus, therefore: That human society, even humanity itself, is now in a state of flux that at any moment may change into a chaos comparable only with that which came with the fall of classical civilization and from which five centuries were necessary for the process of recovery. Christianity, democracy, science, education, wealth, and the cumulative inheritance of a thousand years, have not preserved us from the vain repetition of history. How has this been possible, what has been the sequence of events that has brought us to this pass?