Are we immediately to cease preparation for war, since our defeat cannot advantage our enemy nor do us in the long run much harm? No such conclusion results from a study of the considerations elaborated here. It is evident that so long as the misconception we are dealing with is all but universal in Europe, so long as the nations believe that in some way the military and political subjugation of others will bring with it a tangible material advantage to the conqueror, we all do, in fact, stand in danger from such aggression. Not his interest, but what he deems to be his interest, will furnish the real motive of our prospective enemy's action. And as the illusion with which we are dealing does, indeed, dominate all those minds most active in European politics, we (in England) must, while this remains the case, regard an aggression, even such as that which Mr. Harrison foresees, as within the bounds of practical politics. (What is not within the bounds of possibility is the extent of devastation which he foresees as the result of such attack, which, I think, the foregoing pages sufficiently demonstrate.) On this ground alone I deem that England, or any other nation, is justified in taking means of self-defence to prevent such aggression. This is not, therefore, a plea for disarmament irrespective of the action of other nations. So long as current political philosophy in Europe remains what it is, I would not urge the reduction of the British war budget by a single sovereign. I see no reason to alter a word of this. But if preparation of the machinery of war is to be the only form of energy in this matter--if national effort is to neglect all other factors whatsoever--more and more will sincere and patriotic men have doubts as to whether they are justified in co-operating in further piling up the armaments of any country. Of the two risks involved--the risk of attack arising from a possible superiority of armament on the part of a rival, and the risk of drifting into conflict because, concentrating all our energies on the mere instrument of combat, we have taken no adequate trouble to understand the facts of this case--it is at least an arguable proposition that the second risk is the greater. And I am prompted to this expression of opinion without surrendering one iota of a lifelong and passionate belief that a nation attacked should defend itself to the last penny and to the last man.