On the other hand, the position of German industry, hazardous though it appeared to more expert eyes than mine, by no means demanded the use of so heroic a remedy as a European war. What would the United States do, we may ask—they who have been the educators of Germany in industrial matters—in the event of a glut in the products of their foundries and steelworks, and a partial choking up of the vital outlets? They would let their trusts readjust the market, drain off the excess of output, close the superfluous workshops, relieve the situation generally, but they would not declare war on any foreign nation. Economic competition, in all its stages, is a war not fought with the soldier’s weapons. It brings ruin in its train, too, but the ruin is not beyond repair. A series of costly victories in battle would not deliver German industry from the constant nightmare of the struggle for existence, any more than they would make Germany the serene and unquestioned mistress of the entire globe. The commercial and industrial welfare of a nation is always menaced by the progress of others, by the relaxation of its own efforts, and by various incalculable factors. The merciless war waged against us by the Kaiser’s troops is above all, in my humble opinion, a political campaign. Economic causes have been grafted upon the primary cause, but the part they have played is a subordinate one. The schemes framed in Berlin are no longer wrapped in the haze that once surrounded them, but reveal themselves to us in clear outline. What was the object of hurling two million men at France, while the Russian armies were held in check and the Austrians were sent to annihilate Serbia? To crush once for all the military Power that stood in the way of German imperialism; to deprive Russia of all concern in European affairs; to seize for Germany the whole coast-line of the North Sea; to make her a Mediterranean Power by annexing French Africa; to dissolve the Balkan alliances and deal the death-blow to Slav hopes; to give Austria the suzerainty of the Balkan peninsula; finally, to hold undisputed sway at Constantinople and in Asiatic Turkey as far as the Persian Gulf. The exploitation of Central Africa, requiring as it did vast capital, was an economic task that could not be carried out in a day, and was therefore reserved for an early future date. The same remark applies to the completion and utilization of the Bagdad Railway. A few decisive battles, it was thought, would be enough to enslave Continental Europe, and to build up, on the basis of that “Mid-European Confederation” of which the German intellectuals speak quite openly to-day, the political supremacy of Germany, while England would be left isolated, an easy prey to her rival in a later campaign. CHAPTER VI. THE MOROCCAN QUESTION. I.