This will be a great time for Washington, no doubt, to have a very gay and exciting time. It becomes the focus of the world’s affairs. All sorts of interesting people are heading for Washington, bright-eyed and expectant. There will be lunches, dinners, receptions and such like social occasions in great abundance, dramatic, and encounters, flirtations, scandals, jealousies and quarrels. Quiet thought, reconsideration—will Washington afford any hole or cover for such things? A most distracting time it will be and it will be extraordinarily difficult to keep its real significance in mind. So let us repeat here its real significance. The great war has struck a blow at the very foundations of our civilization; it has shattered the monetary system which is the medium of all our economic life. A rotting down of civilization is spreading now very rapidly and nothing is being done to arrest it. Production stagnates and dwindles. This can only be restored by the frank collective action of the chief powers of the world. At present the chief powers of the world show no signs of the collective action demanded. They are still obsessed by old-fashioned ideas of national sovereignty and national competition, and though all verge on bankruptcy, they maintain and develop fresh armies and fleets. That is to say, they are in the preparatory stage of another war. So long as this divided and threatening state of affairs continues there can be no stability, no real general recovery; shortages will increase, famine will spread; towns, cities, communications will decay; increasing masses of starving unemployed will resort to more and more desperate and violent protests, until they assume a quasi-revolutionary character. Education will ebb, and social security dwindle and fade into anarchy. Civilization as we know it will go under and a new Dark Age begin. And this fate is not threatening civilization; it is happening to civilization before our eyes. The ship of civilization is not going to sink in five years’ time or in fifty years’ time. It is sinking now. Russia is under the water line; she has ceased to produce, she starves; large areas of Eastern Europe and Asia sink toward the same level; the industrial areas of Germany face a parallel grim decline; the winter will be the worst on record for British labor. The pulse of American business weakens. To face which situation in the world’s affairs, this crowd of hastily compiled representatives, and their associates, dependents and satellites, now gathers at Washington. They are all, from President Harding down to the rawest stenographer girl, human beings. That is to say, they are all inattentive, moody, trivial, selfish, evasive, patriotic, prejudiced creatures, unable to be intelligently selfish even, for more than a year or so ahead, after the nature of our Exhibit No. 1.