The World in Chains: Some Aspects of War and TradeMavrogordato, John
Philosophy
The World in Chains: Some Aspects of War and Trade
Mavrogordato, John
Profiteering; War -- Economic aspects
All war, whatever temporary dislocation of business it may involve, must
ultimately, as a principal form of destruction, assist the intensive
cultivation of demand which constitutes nearly the whole of modern
trade. The industrial revolution of the nineteenth century with all its
labour-saving machines was originally an economy of necessary
production; by the middle of the century it overshot its mark, and
hastened the world to the brink of the opposite disaster of
over-production. In the present commercial era we are still suspended
over that dreadful brink. Nothing can stop the accelerated flux of
mechanical production; and we are saved from falling into the abyss only
by the unnatural increase of ordinary consumption. The consumption of
the ordinary markets, even when stimulated by the most violent tonics of
advertisement, is strictly limited, and the limits have long been
overtaken. The accelerated consumption could only be maintained by the
discovery of new markets, which was undertaken by means of the political
catch-words of Imperialism and Colonial Expansion;[41] or else by the
wholesale destruction of existing supplies. As the number of new markets
and their capacity for consuming things they don't want is ultimately
just as limited as the number and capacity of home markets (for
obviously the time must come when all the Chinamen and Koutso-Vlachs and
South Sea Islanders have already been supplied with ready-made brown
boots and tinned salmon), only one method remained by which Commerce and
Industry might escape, or at least postpone, the penalty of half a
century of over-production. This was by the partial destruction of the
world's existing supplies. If this could be arranged, there might be a
genuine demand for them to be replaced.
Sec. 3
War a form of Destruction
Public-domain text, read in full here on John Shaqi.
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