“He would see civilization in danger of perishing under the oppression of a gigantic paradox: he would see multitudes of people starving in the midst of plenty, and nations preparing for war although pledged to peace.”
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In our modern world of interdependent nations, hardly any state can wage war successfully without raising loans and buying war materials of every kind in the markets of other nations.
On the contrary, the characteristic element of the present situation is that economic questions have finally and irrevocably invaded the domain of public life and politics.
It is because I believe that it is in the power of such nations to lead the world back into the paths of peace that I propose to devote myself to explaining what, in my opinion, can and should be done to banish the fear of war that hangs so heavily over the world.
The years of the economic depression have been years of political reaction, and that is why the economic crisis has generated a world peace crisis.
