Indeed even now that domination and control, dangerous
and disastrous as it often is, could not withstand for a moment any
widespread uprising of the popular will. Anyway, George recognised that
in the Western States political institutions could be moulded to suit
the will of the electorate; he believed that the majority desired to
seek their own well-being and this could not fail to be also the
well-being of the community as a whole. From Henry George I think it may
be taken that the early Fabians learned to associate the new gospel with
the old political method.
But when we came to consider the plan proposed by George we quickly saw
that it would not carry us far. Land may be the source of all wealth to
the mind of a settler in a new country. To those whose working day was
passed in Threadneedle Street and Lombard Street, on the floor of the
Stock Exchange, and in the Bank of England, land appears to bear no
relation at all to wealth, and the allegation that the whole surplus of
production goes automatically to the landowners is obviously untrue.
George's political economy was old-fashioned or absurd; and his solution
of the problem of poverty could not withstand the simplest criticism.
Taxation to extinction of the rent of English land would only affect a
small fraction of England's wealth.
There was another remedy in the field. Socialism was talked about in the
reviews: some of us knew that an obscure Socialist movement was stirring
into life in London.
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