That the refusal of access will not add to the welfare of the people of the State that so owns these materials, that, indeed, it will inevitably lower the standard of living in all States alike, is certainly true. But so long as there is no real international society organised on the basis of collective strength and co-operation, the motive of security will override considerations of welfare. The condition of international anarchy makes true what otherwise need not be true, that the vital interests of nations are conflicting. Parenthetically, it is necessary to say this: the time may have come for the destruction of the older order. If the individualist order was that which gave us Armageddon, and still more, the type of mind which Armageddon and the succeeding 'peace' revealed, then the present writer, for one, sheds no tears over its destruction. In any case, a discussion of the intrinsic merits, social and moral, of socialism and individualism respectively, would to-day be quite academic. For those who profess to stand for individualism are the most active agents of its destruction. The Conservative Nationalists, who oppose the socialisation of wealth and yet advocate the conscription of life; oppose Nationalisation, yet demand the utmost military preparedness in an age when effective preparation for war means the mobilisation particularly of the nation's industrial resources; resent the growing authority of the State, yet insist that the power of the National State shall be such as to give it everywhere domination; do, indeed, demand omelets without eggs, and bricks not only without straw but without clay. A Europe of competing military nationalisms means a Europe in which the individual and all his activities must more and more be merged in his State for the purpose of that competition. The process is necessarily one of progressively intense socialisation; and the war measures carried it to very great lengths indeed. Moreover, the point to which our attention just now should be directed, is the difference which distinguishes the process of change within the State from that which marks the change in the international field. Within the State the old method is automatically replaced by the new (indeed nationalisation is mostly the means by which the old individualism is brought to an end); between nations, on the other hand, no organised socialistic internationalism replaces the old method which is destroyed. The world is left without any settled international economy. Let us note the process of destruction of the old economy.