“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.”
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We had four years of world war which the peoples endured only because they were told that their sufferings would free humanity forever from the scourge of war.
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.
Four years of world war, at a cost in human suffering which our minds are mercifully too limited to imagine, led to the very clear realization that international anarchy must be abandoned if civilization was to survive.
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.
