First published in 1917, Democracy After the War considers the challenges faced in the development of liberal democracy. Hobson emphasises the power of reactionary forces and their ability to hold back progress, reiterating his view that the crux of the problem lies in the inequalities in income and wealth which led to imperialism. Through analysing the economic foundations of imperialist conflicts, Hobson comes to the conclusion that the success of democracy rests on the recognised importance of personal liberty.