Excerpt from The Passing of War: A Study in Things That Make for Peace
It has been recently urged with force and skill that Economic considerations alone are conclusive against War. Current affairs in Europe have also been pointing the same moral. Only a few months ago Germany afforded an object-lesson to the world upon the cost of indulgence in aggressive feeling, with consequent rumour of War. We could see how acute commercial crisis, in a country living on credit, can be produced by a few weeks" hostile handling by a single neighbour of the long lever of Finance. Now that the warp and woof of banking and trade are closely interwoven in one vast international web, so striking a situation is produced even by War"s forecast shadow, that it seems scarcely a vain question whether the subjugation of one nation to the will of another, especially if that other has wealthy allies, might not be bloodlessly effected by financial pressure alone if it were organised and combined.
There exists, moreover, another power, not of Capital but of Labour, which in combination has undeniable potentialities. To realise the vision foreseen by De Bloch nearly twenty years ago has long been a favourite notion with Socialists. It was revived last summer at the Jena Congress, where an orator observed: "We shall not need to declare the General Strike.
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