The question of markets was more difficult. It was clear that, through machinery, the exploitation of labour, and the manipulations of finance, the product would be enormously greater than the local or national demand. Until they themselves developed their own industrial system, the other nations of Europe were available, but as this process proceeded other markets had to be found; the result was achieved through advertising, i.e., the stimulating in the minds of the general public of a covetousness for something they had not known of and did not need, and the exploiting of barbarous or undeveloped races in Asia, Africa, Oceanica. This last task was easily achieved through "peaceful penetration" and the preëmpting of "spheres of influence." In the end (i.e., A.D. 1914), the whole world had so been divided, the stimulated markets showed signs of repletion, and since exaggerated profits meant increasing capital demanding investment, and the improvement in "labour-saving" devices continued unchecked, the contest for others' markets became acute, and world-politic was concentrated on the vital problem of markets, lines of communication, and tariffs. As for the finding or development of competent organizers and directors, the history of the world since the end of medievalism had curiously provided for this after a fashion that seemed almost miraculous. The type required was different from anything that had been developed before. Whenever the qualitative standard had been operative, it was necessary that the leaders in any form of creative action should be men of highly developed intellect, fine sensibility, wide and penetrating vision, nobility of instinct, passion for righteousness, and a consciousness of the eternal force of charity, honour, and service. During the imperial or decadent stages, courage, dynamic force, the passion for adventure, unscrupulousness in the matter of method, took the place of the qualities that marked the earlier periods. In the first instance the result was the great law-givers, philosophers, prophets, religious leaders, and artists of every sort; in the second, the great conquerors. Something quite different was now demanded--men who possessed some of the qualities needed for the development of imperialism, but who were unhampered by the restrictive influences of those who had sought perfection. To organize and administer the new industrial-financial-commercial régime, the leaders must be shrewd, ingenious, quick-witted, thick-skinned, unscrupulous, hard-headed, and avaricious; yet daring, dominating, and gifted with keen prevision and vivid imagination. These qualities had not been bred under any of the Mediterranean civilizations, or that of Central Europe in the Middle Ages, which had inherited so much therefrom. The pursuit of perfection always implies a definite aristocracy, which is as much a goal of effort as a noble philosophy, an august civil polity or a great art. This