Excerpt from The Nemesis of Mediocrity There are those who will claim that the leadership has not been lost but only changed in direction. They will say that the leaders are now to be found in the ranks of applied science, of industrial exploita tion and organization, of high finance and economic efficiency. They will offer as their contribution Edison and Marconi and Krupp; Sage, Rockefeller, Morgan, Car negie and the great Hebrew financiers of Eu rope. They will offer Ford, Harmsworth. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.