The Future of England

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Thus nowadays, our critics in Europe, without lifting a finger or moving a gun, cross the sea without ships, stand impalpably in the battle, and mulct us in treasure and hi blood. Or again, it is Europe which enters vitally into our domestic finance, and actually determines to a very considerable extent our internal economy. For not only is the immense bulk of our national debt due to our past wars in Europe, but to-day the barometer of our army and navy estimates 116 THE FUTURE OF ENGLAND CH. ...Accords mainly with the atmospheric depressions advancing, or receding, across the Channel. To- day, as Sir Edward Grey said recently, our expenditure must be dependent upon the ex- penditure of other powers. It is thus necessary to conclude that our avoidance of Europe is more and more impossible, that we are indissolubly associated, and that we cannot put the continent by. For it is largely in that precipitous watershed that the torrent of our national expenditure has origin ; the chief lions in our path can be traced to that lair.

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