"If the Western nations were to confer on the rest of mankind not, as at present, just a tiny fraction of their goods and capital, but were, literally, in the words of the epistle, to ‘bestow all their goods to feed the poor’ their wealth would only disappear, like a snowflake on boiling water, into the maw of these vast and astronomically increasing populations, and the outcome would be a common level of poverty and incompetence. Whence, then, if from anywhere, are the means of improvement to come? There is only one possible answer: essentially from within. The investment and the initiative which made possible the development of the Western economies was not subscribed or donated from outside; it came from within. The rise of Japan, in far less than a century from Admiral Perry's arrival, to challenge the Western countries in technology and production, was not because she was spoon-fed with grants and uneconomic loans from a benevolent Europe or America: it was due to the spirit and character of her people and their aptitude and appetite to learn. The great, the only truly beneficent gift we have to offer is the example of that which has made the West productive – capitalism and enterprise. But it is a gift which implies the power and will to receive it: and that, although we can teach and demonstrate by precept and by example, it is not in our power simply to confer. In short, the secret of aid to the developing countries is not capital itself: it is capitalism."