Before our part in the war began, it was often suggested that America
would feed and clothe Europe, send medicine and machinery to China,
and make itself generally the post-war stockpile of Democracy as it
had been the arsenal and treasury during the war; and the monotonous
uncrushing answer was about "the money". Realities of war have blown
"the money" question into atoms; no sensible person pretends that
there is a real equation between our production and money value; we
can't in any sense "afford" bombers and battleships; if we stopped to
ask where "the money" would come from, and if the question were
actually relevant, we would have to stop the war.
Another actuality of war relieves us of the danger of being too
generous--the actuality of rubber and tin and tungsten and all the
other materials critical to production in peace time. Since we will
have to rebuild our stocks of vital goods, our practical men will see
to it that we get as well as give; we may send food to Greece and get
rubber from Java, but on the books we will not be doing too badly.
Neither money nor the bogey of a balance of trade is going to decide
our provisioning of Europe and Asia; the cold necessity of preventing
revolution and typhus will force us to rebuild and re-energize; in the
end, like all enlargements of the market, this will repay us. The rest
of the world will know a great deal about mass production by the end
of the war: Indians and Australians will be expert at interchangeable
parts; but we will have the immeasurable advantage of our long
experience on which the war has forced us to build a true productive
system. We will jump years ahead of our schedule of increase and
improvement because of the war; and we will be able to face any
problem of production--if we want to, or have to. The choice between
people's lives and the gold standard will have to be made again, as it
was by many nations in the 1930's; only this time the choice is not
without a threat. After wars, people are accustomed to bloodshed; they
prefer it to starvation.
_Alternative to Prosperity_
The greatest invention of democracy is the wealth of the people. We
discovered that wealth rested more firmly on prosperity than on
poverty and the genius of our nation has gone into creating a
well-to-do mass of citizens. Unfinished as the job is, we can start to
demonstrate its principles to others. In return they may refrain from
teaching us the principles of revolution.
Public-domain text, read in full here on John Shaqi.
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