land with a few Arabs squatting on it. Canada could absorb easily half a million settlers a year for a generation to come. The most fertile part of the world, the valley of the Amazon, is still untouched: so fertile is it that for tens of thousands of square miles it is choked with trees, a mere tangle of life, defying all entry. The idea of our humanity sadly walking the streets of Glasgow or sitting mournfully fishing on the piers of the Hudson, out of work, would be laughable if it were not for the pathos of it.

   The world is out of work for the simple reason that the world has killed the goose that laid the golden eggs of industry. By taxation, by legislation, by popular sentiment all over the world, there has been a disparagement of the capitalist. And all over the world capital is frightened. It goes and hides itself in the form of an investment in a victory bond, a thing that is only a particular name for a debt, with no productive effort behind it and indicating only a dead weight of taxes. There capital sits like a bull-frog hidden behind water-lilies, refusing to budge.

   Hence the way to restore prosperity is not to multiply government departments and government expenditures, nor to appoint commissions and to pile up debts, but to start going again the machinery of bold productive effort. Take off all the excess profits taxes and the super-taxes on income and as much of the income tax itself as can be done by a wholesale dismissal of government employees and then give industry a mark to shoot at. What is needed now is not the multiplication of government reports, but corporate industry, the formation of land companies, development companies, irrigation companies, any kind of corporation that will call out private capital from its hiding places, offer employment to millions and start the wheels moving again. If the promoters of such corporations presently earn huge fortunes for themselves society is none the worse: and in any case, humanity being what it is, they will hand back a vast part of what they have acquired in return for LL.D. degrees, or bits of blue ribbon, or companionships of the Bath, or whatever kind of glass bead fits the fancy of the retired millionaire.

   The next thing to be done, then, is to "fire" the government officials and to bring back the profiteer. As to which officials are to be fired first it doesn't matter much. In England people have been greatly perturbed as to the use to be made of such instruments as the "Geddes Axe": the edge of the axe of dismissal seems so terribly sharp. But there is no need to worry. If the edge of the axe is too sharp, hit with the back 

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