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
In making their reply the Allies seemed momentarily to have overlooked
one fact--their own handiwork in the Treaty.
Before the War it would have been a true reply. But the Allies have
transformed what were, before the War, dangerous fallacies into
monstrous truths.
President Wilson has described the position of Germany under the Treaty
in these terms:--
'The Treaty of Peace sets up a great Commission, known as the
Reparations Commission.... That Reparation Commission can
determine the currents of trade, the conditions of credit, of
international credit; it can determine how much Germany is going to
buy, where it is going to buy, and how it is going to pay for
it.'[22]
In other words, it is no longer open to Germany, as the result of
guarantees of free movement accorded to individual traders, to carry on
that process by which before the War she supported herself. Individual
Germans cannot now, as heretofore, get raw materials by dealing with
foreign individuals, without reference to their nationality. Germans are
now, in fact, placed in the position of having to deal through their
State, which in turn deals with other States. To buy wheat or iron, they
cannot as heretofore go to individuals, to the grower or mine-owner, and
offer a price; the thing has to be done through Governments. We have
come much nearer to a condition in which the States do indeed 'own'
(they certainly control) their raw material.
The most striking instance is that of access to the Lorraine iron, which
before the War furnished three-fourths of the raw material of Germany's
basic industry. Under the individualist system, in which 'the buyer is
king' in which efforts were mainly directed to finding markets, no
obstacle was placed on the export of iron (except, indeed, the obstacle
to the acquisition by French citizens of Lorraine iron set up by the
French Government in the imposition of tariffs). But under the new
order, with the French State assuming such enormously increased economic
functions, the destination of the iron will be determined by political
considerations. And 'political considerations,' in an order of
international society in which the security of the nation depends, not
upon the collective strength of the whole society, but upon its relative
strength as against rival units, mean the deliberate weakening of
rivals. Thus, no longer will the desire of private owners to find a
market for their wares be a guarantee of the free access of citizens in
other States to those materials. In place of a play of factors which
did, however clumsily, ensure in practice general access to raw
materials, we have a new order of motives; the deliberate desire of
States, competing in power, owning great sources of raw material, to
deprive rival States of the use of them.
Public-domain text, read in full here on John Shaqi.
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