A GREAT ILLUSION.

Stratford Evening Post, Volume XXIX, Issue 96, 13 June 1911, Page 6

A GREAT ILLUSION.

o— DOES WAR PAY 'r The “great illusion,” in Mr Angel I’s view, is that naval and military power gives a nation eommereial uul social advantages. War, even successful war, he argues, is had business. Ho supports this by fouturunda mental propositions: 1. That the financial interdependence of modern States (e.g.,' England and Germany), is such as to render an enemy’s property intangible. Germany, alter victory in war, could net confiscate British propel ty on a large scale without such a disturbance of credit as would recoil on her awn industry and finances. War docs not pay. 2. That if is impossible for one country to onrich its. If by subjugating; another and annexing provinces. Annexations do not pay. 3. That is it impossible to levy an indemnity upon, a defeated nation without the victor, who draws the indemnity, .suffering, because the indemnity is paid in goods. Indemnities do not pay. -1. That the minor Powers with feeble armaments enjoy bettor .credit than the great and well-armed States. Armaments do not pay.