"According...to our Individualist and Free Trade friends, Prince Bismarck ought to have come to the conclusion that German industries were from "natural causes" unfit as compared to their British rivals; that they could never hope to hold their own in the struggle for existence, and that it would be cheaper to buy in the British market. That great statesman, who was never deceived either by the ideologues of Individualism or the ideologues of Socialism, saw very clearly that though this might be the case for the moment it need not be the case in all perpetuity, but that to give way for the moment was to give way for ever. English goods might beat German goods for the given year, but granted a tariff and the encouragement of State-aid, German goods might be beating British in under a quarter of a century. The static comparison was against the German Empire, but the dynamic impulse given to German industry by the tariff of 1878 has carried her right to the front, and the result of the policy has been of enormous profit to the German exchequer."