In general, the non-political forces are the expressions of a
technological age injected into an inherited political scheme which
operates to deflect and distort their normal operation. The industrial
and commercial relations that created the situation of which the war
is a manifestation are as evident in small things as great. They were
exhibited, not only in the struggle for raw materials, for distant
markets, and in staggering national debts, but in local and unimportant
phenomena. Travelers finding themselves away from home could not
get their letters of credit cashed even in countries not then at
war. Stock-markets closed on one hand, and profiteers piled up their
millions on the other. One instance may be cited from domestic affairs.
The plight of the farmer since the war has created a domestic political
issue. A great demand was generated for food and other agricultural
products; prices rose. In addition to this economic stimulus, farmers
were objects of constant political exhortation to increase their crops.
Inflation and temporary prosperity followed. The end of active warfare
came. Impoverished countries could not buy and pay for foodstuffs up to
even a pre-war level. Taxes were enormously increased. Currencies were
depreciated; the world’s gold supply centered here. The stimulus of war
and of national extravagance piled up the inventories of factories and
merchants. Wages and the prices of agricultural implements increased.
When deflation came it found a restricted market, increased costs of
production, and farmers burdened with mortgages lightly assumed during
the period of frenzied expansion.
This instance is not cited because it is peculiarly important in
comparison with other consequences which have happened, especially
in Europe. It is relatively insignificant by contrast with them,
and in contrast with the arousal of nationalistic sentiments which
has everywhere taken place since the war in so-called backward
countries. But it shows the ramifying consequences of our intricate and
interdependent economic relations, and it shows how little prevision
and regulation exist. The farming population could hardly have acted
with knowledge of the consequences of the fundamental relations in
which they were implicated. They could make a momentary and improvised
response to them, but they could not manage their affairs in controlled
adaptation to the course of events. They present themselves as hapless
subjects of overwhelming operations with which they were hardly
acquainted and over which they had no more control than over the
vicissitudes of climate.
Public-domain text, read in full here on John Shaqi.
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