Morals of Economic Internationalism
Morals of Economic Internationalism
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In our eReader you can find the full English version of the book. Read Morals of Economic Internationalism Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Morals of Economic Internationalism
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How can it be otherwise, if immediate ability to pay is thecriterion? In ordinary times the machinery of international financedoes tend to distribute surplus stocks according to the needs of thedifferent nations, for the production of the actual goods for exporttrade with which imports are paid for, the true base of credit, iscontinually proceeding. But the war broke this machinery of regularexchange. It cannot be immediately restored. America or Argentinacannot sell their surplus wheat in the ...ordinary way to Poland, Austria, Belgium and other needy countries, because, largely for the very lackof these goods and materials, their industries are not operating, sothat the goods they should produce, upon which credit would be built, are not forthcoming.
This is one of the most terrible of the vicious circles in which thewar has bound the world. The weak nations cannot buy, because they arenot producing goods to sell; they cannot produce, because they cannotbuy. What are the strong nations, those with surplus goods, thetransport, and the credit, going to do about it?
What to read after Morals of Economic Internationalism?
You can find similar books in the "Read Also" column, or choose other free books by J a John Atkinson Hobson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
How can it be otherwise, if immediate ability to pay is thecriterion? In ordinary times the machinery of international financedoes tend to distribute surplus stocks according to the needs of thedifferent nations, for the production of the actual goods for exporttrade with which imports are paid for, the true base of credit, iscontinually proceeding. But the war broke this machinery of regularexchange. It cannot be immediately restored. America or Argentinacannot sell their surplus wheat in the ...ordinary way to Poland, Austria, Belgium and other needy countries, because, largely for the very lackof these goods and materials, their industries are not operating, sothat the goods they should produce, upon which credit would be built, are not forthcoming.
This is one of the most terrible of the vicious circles in which thewar has bound the world. The weak nations cannot buy, because they arenot producing goods to sell; they cannot produce, because they cannotbuy. What are the strong nations, those with surplus goods, thetransport, and the credit, going to do about it?
What to read after Morals of Economic Internationalism?
You can find similar books in the "Read Also" column, or choose other free books by J a John Atkinson Hobson to read onlineMoreLess
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