On the contrary, the characteristic element of the present situation is that economic questions have finally and irrevocably invaded the domain of public life and politics.
Moreover, war has become a thing potentially so terrible and destructive that it should have been the common aim of statesmen to put an end to it forever.
It is because I believe that it is in the power of such nations to lead the world back into the paths of peace that I propose to devote myself to explaining what, in my opinion, can and should be done to banish the fear of war that hangs so heavily over the world.
It has become impossible to give up the enterprise of disarmament without abandoning the whole great adventure of building up a collective peace system.
In some states militant nationalism has gone to the lengths of dictatorship, the cult of the absolute or totalitarian state and the glorification of war.
In short, it may be said that on paper the obligations to settle international disputes peacefully are now so comprehensive and far-reaching that it is almost impossible for a state to resort to war without violating one or more solemn treaty obligations.
In our modern world of interdependent nations, hardly any state can wage war successfully without raising loans and buying war materials of every kind in the markets of other nations.
I do not believe that the values which the Western democracies consider essential to civilization can survive in a world rent by the international anarchy of nationalism and the economic anarchy of competitive enterprise.
He would see civilization in danger of perishing under the oppression of a gigantic paradox: he would see multitudes of people starving in the midst of plenty, and nations preparing for war although pledged to peace.
Four years of world war, at a cost in human suffering which our minds are mercifully too limited to imagine, led to the very clear realization that international anarchy must be abandoned if civilization was to survive.
But to cut off relations with an aggressor may often invite retaliation by armed action, and this would, in its turn, make necessary some form of collective self-defence by the loyal members of the League.
As a first step there must be an offer to achieve equality of rights in disarmament by abolishing the weapons forbidden to the Central Powers by the Peace Treaties.
