The Fruits of Victory: A Sequel to The Great Illusion — John Shaqi
The Fruits of Victory: A Sequel to The Great IllusionAngell, Norman
History
The Fruits of Victory: A Sequel to The Great Illusion
Angell, Norman
Economic history -- 1918-1945; World War, 1914-1918 -- Influence
Now the European famine has taught us a good deal about the necessary
conditions of high agricultural productivity. The co-operation of
manufactures--of railways for taking crops out and fertilisers in, of
machinery, tools, wagons, clothing--is one of them. That manufacturing
itself must be done by division of labour is another: the country or
area that is fitted to supply textiles or cream separators is not
necessarily fitted to supply steel rails: yet until the latter are
supplied the former cannot be obtained. Often productivity is paralysed
simply because transport has broken down owing to lack of rolling stock,
or coal, or lubricants, or spare parts for locomotives; or because a
debased currency makes it impossible to secure food from peasants, who
will not surrender it in return for paper that has no value--the
manufactures which might ultimately give it value being paralysed. The
lack of confidence in the maintenance of the value of paper money, for
instance, is rapidly diminishing the food productivity of the soil;
peasants will not toil to produce food which they cannot exchange,
through the medium of money, for the things which they need--clothing,
implements, and so on. This diminishing productivity is further
aggravated by the impossibility of obtaining fertilisers (some of which
are industrial products, and all of which require transport), machines,
tools, etc. The food producing capacity of Europe cannot be maintained
without the full co-operation of the non-agricultural industries--transport,
manufactures, coal mining, sound banking--and the maintenance of
political order. Nothing but the restoration of all the economic
processes of Europe as a whole can prevent a declining productivity
that must intensify social and political disorder, of which we may
merely have seen the beginning.
Public-domain text, read in full here on John Shaqi.
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