[Footnote C: This does not imply that Germany could and ought to have occupied part of Morocco. On more than one ground I think that it was imperative to maintain the actual sovereignty of this State on the basis of the Algeçiras Convention. Among other advantages, which need not be discussed here, Germany would have had the country secured to her as a possible sphere of colonization. That would have set up justifiable claims for the future.] In such cases might gives the right to occupy or to conquer. Might is at once the supreme right, and the dispute as to what is right is decided by the arbitrament of war. War gives a biologically just decision, since its decisions rest on the very nature of things. Just as increase of population forms under certain circumstances a convincing argument for war, so industrial conditions may compel the same result. In America, England, Germany, to mention only the chief commercial countries, industries offer remunerative work to great masses of the population. The native population cannot consume all the products of this work. The industries depend, therefore, mainly on exportation. Work and employment are secured so long as they find markets which gladly accept their products, since they are paid for by the foreign country. But this foreign country is intensely interested in liberating itself from such tribute, and in producing itself all that it requires. We find, therefore, a general endeavour to call home industries into existence, and to protect them by tariff barriers; and, on the other hand, the foreign country tries to keep the markets open to itself, to crush or cripple competing industries, and thus to retain the consumer for itself or win fresh ones. It is an embittered struggle which rages in the market of the world. It has already often assumed definite hostile forms in tariff wars, and the future will certainly intensify this struggle. Great commercial countries will, on the one hand, shut their doors more closely to outsiders, and countries hitherto on the down-grade will develop home industries, which, under more favourable conditions of labour and production, will be able to supply goods cheaper than those imported from the old industrial States. These latter will see their position in these world markets endangered, and thus it may well happen that an export country can no longer offer satisfactory conditions of life to its workers. Such a State runs the danger not only of losing a valuable part of its population by emigration, but of also gradually falling from its supremacy in the civilized and political world through diminishing production and lessened profits.