Towards an enduring peace : $b A symposium of peace proposals and programs 1914-1916
History
Towards an enduring peace : $b A symposium of peace proposals and programs 1914-1916
Peace; World War, 1914-1918 -- Peace
There is another method of bringing financial pressure upon a
law-breaking State which deserves consideration. It is put forward in
the following terms by Mr. F. N. Keen in his able little book, “The
World in Alliance”: “The States comprised in the international scheme
might be required to keep deposited with, or under the control of,
the International Council sums of money, proportioned in some way to
their relative populations or financial resources, which might be made
available to answer international obligations, and an international
bank might be organized, which would facilitate the giving of security
by States to the International Council for the performance of their
obligations and the enforcement of payments between one State and another
(as well as probably assisting in the creation of an international
currency and discharging other useful international functions).”
The organized concentration of international finance by the formation
of an international bank is a line of action which might immensely
strengthen that body of pacific forces the rising importance of which
Mr. Norman Angell has so effectively expounded. It might consolidate to
an almost incalculable degree the effective unity of the International
League by placing under it the solid foundation of world-peace, while
the power which such an institution would wield, either for purposes of
fiscal or financial boycott, would be enormous.
[Sidenote: The international police force.]
But however highly we estimate the potentialities of the boycott as
a valuable adjunct to the pressure of public opinion in compelling
obedience to treaty obligations, it is idle to pretend that the
confidence required to induce the chief nations to rely upon the due
performance of these obligations by all their co-signatories will be
possible without placing at their disposal, for use in the last resort,
an adequate armed force to break the resistance of an armed law-breaking
State. Somewhere behind international law there must be placed a power of
international compulsion by arms. If that force were really adequate, it
is probable that it would never be necessary to employ it for any purpose
save that of repelling invasions or dangerous disorders on the part of
outsiders. Its existence and the knowledge of its presence might suffice
to restrain the aggressive or lawless tendencies which will survive in
members of the League. But in the beginnings of the organization of
international society it is at least possible, perhaps likely, that some
dangerous outbreak of the old spirit of state-absolutism should occur,
and that some arrogant or greedy Power, within the circle of the League,
might endeavor to defy the public law.
Public-domain text, read in full here on John Shaqi.
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