Speaking broadly and generally, the conqueror in our day has before him two alternatives: to leave things alone, and in order to do that he need not have left his shores; or to interfere by confiscation in some form, in which case he dries up the source of the profit which tempted him--(p. 59). All the suggestions made as to the economic futility of such a course--including the failure to secure an indemnity--have been justified.[120] In dealing with the indemnity problem the book did forecast the likelihood of special trading and manufacturing interests within the conquering nation opposing the only condition upon which a very large indemnity would be possible--that condition being either the creation of a large foreign trade by the enemy or the receipt of payment in kind, in goods which would compete with home production. But the author certainly did not think it likely that England and France would impose conditions so rapidly destructive of the enemy's economic life that they--the conquerors--would, for their own economic preservation, be compelled to make loans to the defeated enemy. Let us note the phase of the argument that the procedure adopted renders out of date. A good deal of _The Great Illusion_ was devoted to showing that Germany had no need to expand territorially; that her desire for overseas colonies was sentimental, and had little relation to the problem of providing for her population. At the beginning of 1914 that was certainly true. It is not true to-day. The process by which she supported her excess population before the War will, to put it at its lowest, be rendered extremely difficult of maintenance as the result of allied action. The point, however, is that we are not benefiting by this paralysis of German industry. We are suffering very greatly from it: suffering so much that we can be neither politically nor economically secure until this condition is brought to an end. There can be no peace in Europe, and consequently no safety for us or France, so long as we attempt by power to maintain a policy which denies to millions in the midst of our civilisation the possibility of earning their living. In so far as the new conditions create difficulties which did not originally exist, our victory does but the more glaringly demonstrate the economic futility of our policy towards the vanquished. An argument much used in _The Great Illusion_ as disproving the claims made for conquest was the position of the population of small States. 'Very well,' may say the critic, 'Germany is now in the position of a small State. But you talk about her being ruined!'