Summary: In three books published during the last five years, the subject of Aristocracy has already formed a no insignificant part of my theme, and in my last book it occupied a position so prominent that most of the criticism directed against that work concerned itself with my treatment of the aristocratic standpoint in Art. Much of this criticism, however, seemed to be provoked by the fact that I had not gone to the pains of defining exhaustively precisely what I meant by the true aristocrat and by true aristocracy in their relation to a people, and in the present work it has been my object not only to do this, and thus to reply to my more hostile critics, but also to offer a practical solution of modern problems which is more fundamental and more feasible than the solution offered by either Democracy or Socialism. In view of the deep discontent prevailing in the modern world, and of the increasing unhappiness of all classes in Western Europe, it is no longer possible to turn a deaf ear even to the Socialist's plea for a hearing, and thousands of the possessing classes who, prompted by their self-preservative instinct alone, still retort that Socialism is an impossible and romantic Utopia, are beginning to wonder secretly in their innermost hearts whether, after all, this "vulgar" and "proletarian" remedy is not perhaps the only true and practical solution of modern difficulties. Having no other solution to offer, they are beginning to ask themselves, in private, whether this may not be the best way of extricating modern humanity from the tangle of exploitation and privilege, oppression and luxurious hedonism, in which they - the top-dogs - seem to be, but accidentally, the favoured few.