It was adequate to the economic and political conditions of two generations ago, but it is at the present time becoming more and more inadequate.

It is inferior in certain essential respects to the economic and political organization of Great Britain's two leading competitors--Germany and the United States.

It is lacking in purpose.

It is lacking in brains.

It is lacking in faith.
Just as Great Britain benefited enormously during a century and a half from her political precocity, so she is now suffering from the consequences thereof.