It is now somewhat the fashion to regard as benighted the school of thought which was founded two hundred years ago by Du Quesnay and the French Physiocrates, which reached its zenith in the person of Adam Smith, and whose influence rapidly declined in England after the great battle of Free Trade had been fought and won. But whatever may have been the faults of that school, and however little its philosophy is capable of affording an answer to many of the complex questions which modern government and society present, it laid fast hold of one unquestionably sound principle. It entertained a deep mistrust of Government interference in the social and economic relations of life. Moreover, it saw, long before the fact became apparent to the rest of the world, that, in spite not only of some outward dissimilarities of methods but even of an instinctive mutual repulsion, despotic bureaucracy was the natural ally of those communistic principles which the economists deemed it their main business in life to combat and condemn. Many regard with some disquietude the frequent concessions which have of late years been made in England to demands for State interference. Nevertheless, it is to be hoped that the main principle advocated by the economists still holds the field, that individualism is not being crushed out of existence, and that the majority of our countrymen still believe that State interference—being an evil, although sometimes admittedly a necessary evil—should be jealously watched and restricted to the minimum amount absolutely necessary in each special case.
Attention is drawn to this point in order to show that the observations which follow are in no degree based on any general desire to exalt the power of the State at the expense of the individual.
Our habits of thought, our past history, and our national character all, therefore, point in the direction of allowing individualism as wide a scope as possible in the work of national expansion. Hence the career of the East India Company and the tendency displayed more recently in Africa to govern through the agency of private companies. On the other hand, it is greatly to be doubted whether the principles, which