The Choice Before Us

Cover The Choice Before Us
The Choice Before Us
Dickinson, G. Lowes (Goldsworthy Lowes), 1862-1932
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The assumption of mercantilism that in trade the gain of one is only possible at the cost of the loss of the other, and that the object of trading is to derive from it one-sided advantage, is opposed by the view that trade flourishes best when both parties gain. On that view rests free trade. And just as the organized system of com- mercial hostility ended in war, so free trade assumes peace and leads to it. It has always been so and must be so in the future, for it lies in the nature of things....
"Finally the lecturer dwelt upon what would be involved for Europe in another war. After describing the sacrifices in men and goods which the present war has laid upon Europe, he concluded with the remark that a recurrence of war would mean the destruc- tion of Europe as the leader of civilization in the world. ' If the European peoples that are now involved in all the horrors of the world war, instead of aiming at the quickest possible recovery from the losses inflicted on them by ordering international trade on the basis of a peaceable division of labour, consult (as at an economic conference which has just been held in Paris) how after the re-establishment of peace the world war may be liquidated by a trade war which must one day produce a new war with all the dangers indicated if they do this, then for such conduct there is only one word, and that one word madness.


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