Democracy After the War

Cover Democracy After the War
Democracy After the War
J a John Atkinson Hobson
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While foreign and colonial ministers have been in the habit of parading political exigencies and patriotic sentiments in favour of their special foreign policy, the patient forces in the background, moulding that policy, become in every decade more definitely financial. Now, if, as is sometimes pretended, the finance were genuinely international or cosmopolitan, instead of exciting it might allay the friction between Governments. There have been moments and occa- sions when the financial arrang...ements between business groups in different countries have been a pacific force. This was the case at one time in regard to Morocco, when a combine of the Mannesmann and Creusot interests for the common exploitation of the iron ore of that country seemed on the point of bringing the German and French Governments into a harmonious arrangement. A similar harmony between opposed financial interests of traders and bankers was brought about in Persia when the British and Russian Governments divided up the country PROTECTIONISM AND IMPERIALISM 93 into separate spheres of exploitation.

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