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Title: Wars and Capitalism
Author: PĂ«tr Kropotkin
Date: 1914
Language: en
Topics: economics, history, war
Source: From: Kropotkin, Peter. Wars and Capitalism. Freedom Pamphlet. Freedom Press, London, 1914.  Retrieved on March 1st, 2009 from http://dwardmac.pitzer.edu/anarchist_archives/kropotkin/warsandcap.html][dwardmac.pitzer.edu]].  Proofread version retrieved on October 3rd, 2019, from [[http://www.revoltlib.com/?id=443.
Notes: Translated from “La Science Moderne et l’Anarchie,” published by P.-V. Stock, Paris (February, 1913).

PĂ«tr Kropotkin

Wars and Capitalism

I. INDUSTRIAL COMPETITION

In 1883, when England, Germany, Austria, and Romania, taking advantage

of the isolation of France, leagued themselves against Russia, and a

terrible European war was about to blaze forth, we pointed out in the

Révolté what were the real motives for rivalry among States and the wars

resulting therefrom.

The reason for modern war is always the competition for markets and the

right to exploit nations backward in industry. In Europe we no longer

fight for the honor of kings. Armies are pitted against each other that

the revenues of Messrs. Almighty Rothschild, of Schneider, of the Most

Worshipful Company of Anzin, or of the most Holy Catholic Bank of Rome

may remain unimpaired. Kings are no longer of any account.

In fact, all wars in Europe during the last hundred and fifty years were

wars fought for industrial advantage and the rights of exploitation.

Towards the end of the eighteenth century the great industries and world

commerce of France, backed by her navy and her colonies in America

(Canada) and Asia (in India), began to develop. Thereupon England, who

had already crushed her competitors in Spain and Holland, anxious to

keep her herself alone the monopoly of maritime commerce, of sea-power,

and of a Colonial Empire, took advantage of the Revolution in France to

begin a whole series of wars against her. From that moment England

understood what riches a monopolized outlet for her growing industry

would bring in. Finding herself rich enough to pay for the armies of

Prussia, Austria, and Russia, she waged during a quarter of a century a

succession of terrible and disastrous wars against France. That country

was compelled to drain herself in order to withstand these wars, and

only at this price was she able to uphold her right to remain a “Great

Power.” That is to say, she retained her right of refusing to submit to

all the conditions that English monopolists endeavored to impose upon

her to the advantage of their own commerce. She upheld her right to a

navy and to military ports. Frustrated in her plans for expansion in

North America, where she lost Canada, and in India, where she was

compelled to abandon her colonies, she received in return permission to

create a Colonial Empire in Africa on condition that she did not touch

Egypt; she was permitted to enrich her monopolists by pillaging the

Arabs of Algeria.

Later on, in the second half of the nineteenth century, it was Germany’s

turn. When serfdom was abolished as a consequence of the uprisings in

1848, and the abolition of communal property compelled young peasants in

a body to leave the country for the town, where they offered themselves

as “out-of-works” at starvation wages to the Masters of Industry,

Industry on a large scale began to flourish in several German States.

German manufacturers soon got to understand that if the working classes

were given a good technical education they would rapidly overtake great

industrial countries like France and England — on condition, be it well

understood, of obtaining for Germany advantageous outlets beyond her

frontiers. They knew what Proudhon had so well demonstrated: that a

trader can only succeed in substantially enriching himself if a large

portion of his produce is exported to other countries, where it can be

sold at a price not obtainable in the country where it was manufactured.

Since that time, in all the social strata of Germany — those of the

exploited as well as those of the exploiters — there was a passionate

desire to unify Germany at all costs: to build up a powerful Empire

capable of supporting an immense army and a strong navy, which would be

able to conquer ports in the North Sea and the Adriatic, and some day

ports in Africa and the East — an Empire which would be the dictator of

economic law in Europe.

For this plan to succeed, it was evidently necessary to break the

strength of France, who would have resisted, and who at that time had,

or seemed to have, the power of preventing its execution.

From these circumstances resulted the terrible war of 1870, with all its

sad consequences as regards universal progress, which we suffer from

even to-day.

By this war and this victory over France, a Germanic Empire — the dream

of Radicals, State Socialists, and partly of German Conservatives since

1848 — was at last constituted. And this Empire made itself felt and its

political power recognized, as well as its right to lay down the law in

Europe.

Germany, on entering a striking period of juvenile activity, quickly

succeeded in doubling and trebling her industrial productivity, and soon

increasing it tenfold; and now the German middle classes covet new

sources of enrichment in the plains of Poland, in the prairies of

Hungary, on the plateaus of Africa, and especially around the railway

line to Baghdad in the rich valleys of Asia Minor, which can provide

German capitalists one of the most beautiful skies in the world. It may

be so with Egypt also some day.

Therefore, it is ports for export, and especially military ports in the

Mediterranean Adriatic and in the Adriatic of the Indian Ocean — the

Persian Gulf — as well as on the African coast in Beira, and also in the

Pacific, that these schemers of German colonial trade wish to conquer.

Their faithful servant, the German Empire, with its armies and

ironclads, is at their service for this purpose.

But at every step these new conquerors meet with a formidable rival —

England bars the way.

Jealous of keeping her supremacy on the sea, jealous above all of

keeping her colonies for exploitation by her own monopolists, scared by

the success of Germany’s colonial policy and the rapid development of

her navy, England is redoubling her efforts in order to have a fleet

capable of infallibly crushing her German rival. England looks

everywhere for allies to weaken the military power of Germany on land.

And when the English press sow alarm and terror, pretending to fear a

German invasion, they well know that danger does not lie in that

quarter. What England needs is the power to dispatch her regular army to

where Germany, in accord with Turkey, might attack a colony of the

British Empire (Egypt, for instance). And for this purpose she must be

in a position to retain at home a strong Territorial army read to drown

in blood, if necessary, any working-class rebellion. For this reason

principally military arts are taught to young bourgeois, grouped in

squads of “scouts.”

The English bourgeoisie of to-day wants to act towards Germany as it

twice acted towards Russia in order to arrest, for fifty years or more,

the development of that country’s sea-power, — once in 1855, with the

help of Turkey, France, and Piedmont; and again in 1904, when she hurled

Japan against the Russian fleet and against Russia’s military port in

the Pacific.

That is why for the past two years we have been living on the alert,

expecting a colossal European war to break out from one day to another.

Besides, we must not forget that the industrial wave, in rolling from

West to East, has also invaded Italy, Austria, and Russia. These States

are in their turn asserting their “right” — the right of their

monopolists to booty in Africa and in Asia.

Russian brigandage in Persia, Italian plunder of the desert Arabs around

Tripoli, and French brigandage in Morocco are the consequences.

The Concert of brigands, acting in the service of the monopolists who

govern Europe, has “allowed” France to seize Morocco, as it has

“allowed” England to seize Egypt; it has “allowed” Italy to lay hold of

a part of the Ottoman Empire, in order to prevent its being seized by

Germany and it has “allowed” Russia to take Northern Persia, in order

that England might secure a substantial strip of land on the borders of

the Persian Gulf before the German railway can reach it.

And for this Italians, massacre inoffensive Arabs, French massacre

Moors, and the hired assassins of the Czar hand Persian patriots who

endeavor to regenerate their country by a little political liberty.

Zola had a good reason for saying: “What scoundrels respectable people

are!”

II. THE GREAT FINANCIAL HOUSES.

All States — we saw in our previous article — as soon as the great

industries and the huge trading concerns develop among their people,

become unavoidably involved in wars. They are driven to them by their

own manufacturers, and even by their own working classes, in order to

conquer new markets — that is, new sources of easily-obtained riches.

Moreover, in every State there exists nowadays a class — a clique, I

should say — infinitely more powerful than the manufacturing class, and

which also incites to war. It is composed of great financiers and rich

bankers, who intervene in international relations, and who foment wars.

It happens nowadays in a very simple way.

Towards the end of the Middle Ages most of the large Republican cities

of Italy ended by running up huge debts. When the period of decay of

these cities had begun, owing to their continued endeavors to conquer

rich Oriental markets, and the conquest of such markets had caused

endless wars between the Republican cities themselves, they began to

contract immense debts to their own rich Merchant Guilds. A like

phenomenon of bankers are willing to lend against a mortgage on their

borrowers’ future income.

Of course, it is principally the small States which are preyed upon.

Bankers lend them money at 7, 8, and 10 percent, and as a rule the loans

are “realized” in such cases at no more than 80 percent Of the borrowed

sum. So that, after deducting commissions to banks and middlemen, the

State very often does not receive even as much as three-quarters of the

amount inscribed in its ledger.

On these swollen or “watered” sums the State that has contracted debts

must in future provide both for interest and sinking fund. And when it

does not do so at the appointed term, the bankers are quite willing to

add the arrears of interest and sinking fund to the principal of the

debt. The worse the finances of the indebted State grow, the more

reckless the expenditure of its rulers, the more willingly are new loans

offered to it. Whereupon the bankers, after setting themselves up as a

“Concert,” combine to lay hands on certain taxes, certain duties,

certain railway lines.

In this way the financiers ruined Egypt, and later on caused it to be

practically annexed by England. The more foolish the expenditure of the

Khedive, the more he was encouraged. It was annexation by small

doses.[1] In the same way Turkey was ruined, in order to take her

provinces little by little. The same means, we are told, were employed

towards Greece, when a group of financiers egged her on to war with

Turkey, in order to seize part of her revenues. And in the same way

Japan was exploited by the great financial houses of the United States

before and during her wars with China and Russia.

As to China, for several years she has been partitioned by a syndicate

representing the great banks of England, France, Germany, and the United

States. And since the Revolution in China, Russia, and Japan demand to

be allowed to take part in this syndicate. They want to profit by it in

order to extend not only their spheres of exploitation, but also their

territories. The partitioning of China, prepared by bankers, is thus on

the order of the day.

In short, there is in the lending States a complete organization, in

which rulers, bankers, company promoters, concocters of business

schemes, and other interlopers, whom Zola has so well described in

“L’Argent,” joined hands in order to exploit whole States. Thus, where

simple folk believe they have discovered deep political reasons, there

are only plots hatched by the filibusters of finance, who exploit

everything: political and economical rivalry, national enmities,

diplomatic traditions, and religious conflicts.

In all the wars of the last quarter of a century we can trace the work

of the great financial houses. The conquest of Egypt and the Transvaal,

the annexation of Tripoli, the occupation of Morocco, the partition of

Persia, the massacres in Manchuria, the massacres and international

looting in China during the Boxer riots, the wars of Japan — everywhere

we find great banks at work. Everywhere financiers have had the casting

vote. And if up till now a great European war has not burst out, it is

simply because the great financiers hesitate. They do not quite know to

which side the millions involved will cause the scales to turn; they do

not know which horse to back with their millions.

As to the hundreds of thousands of human lives which the war would cost

— what have the financiers to do with them? The mind of a financier

works with columns of figures which balance each other. The consequences

do not come within his province; he does not even possess the necessary

imagination to bring human lives into his calculations.

What an abominable world would be unveiled if only somebody took the

trouble to study finance behind the scenes! We can guess it

sufficiently, if only from the wee corner of the veil lifted by “Lysis”

in his articles in La Revue, which appeared in 1908 in a volume entitled

“Contre l’Oligarchie Financière en France” (“Against the Financial

Oligarchy in France”).

From this work we can, in fact, see how four or five large French banks

— the Crédit Lyonnais, the Société Générale, the Comptoir National

d’Escompte, and the Crédit Industriel et Commercial — have come to

possess the complete monopoly of great financial operations in the

French money market.

The greater part, about four-fifths, of French savings, amounting every

year to nearly ÂŁ80,000,000, is poured into these great banks; and when

foreign States, both great and small, railway companies, towns, or

industrial companies from the five continents of the globe present

themselves in Paris to make a loan, they turn to these four or five

great banking companies, which have virtually the monopoly of foreign

loans, and have at their disposal the necessary machinery to boom them.

Needless to say that it was not the skill of the directors of these

companies that created their lucrative position. It was the State, the

French Government, in the first place, that protected and favored these

banks, and raised them to a privileged position which soon became a

colossal monopoly. Whereupon the other States — the borrowing States —

strengthened this monopoly. Thus, the Crédit Lyonnais, that monopolizes

the Russian loans, owes its privilege position to the financial agents

of the Russian Government, and to the Czar’s Ministers of Finance.

The amount of business transacted every year by these four or five

financial societies represents hundreds of millions of pounds. Thus, in

two years, 1906 and 1907, they distributed in loans ÂŁ300,000,000, of

which £220,000,000 were in foreign loans (“Lysis,” page 101). And when

we learn that the “commission” of these companies for organizing a

foreign loan is usually 5 percent for “the syndicate of intermediaries”

(apporteurs, through whose instrumentality the new loan is brought

about), 5 percent for the “guarantee syndicate,” and from 7 to 10

percent for the syndicate or trust of the four or five banks we have

just named, we see what immense sums go to these monopolists.

Thus, one single “intermediary” who “brought out” the loan of

ÂŁ50,000,000 contracted by the Russian Government in 1906 to crush the

Revolution, actually received — so “Lysis” tells us in his

just-mentioned book — a commissioned of 12,000,000 francs (£480,000).

We can, therefore, understand the occult influence on international

politics exercised by the powerful directors of these financial

societies, with their mysterious bookkeeping and with the plenary powers

that certain directors exact and obtain from their shareholders —

because they must be discreet when nearly half a million pounds have to

be paid to Monsieur So-and-so, ÂŁ10,000* to a certain Minister, and so

may millions, besides the orders of the Légion d’Honneur, to the Press!

There is not, says “Lysis,” one single large newspaper in France that is

not paid by the banks. This is clear. One can easily guess how much

money was distributed in this way among the Press during the years 1906

and 1907, when a series of Russian State loans, railway loans, and loans

for real estate banks were being prepared. How many “quill-drivers”

waxed fat on the loans — we see it in “Lysis’s” book. What a windfall,

in fact! The Government of a great State at bay! A revolution to be

crushed! Such luck is not to be met with every day!

No doubt everybody is more or less aware of that, and there is not a

single politician, in Paris or elsewhere, who does not know the workings

of all this jobbery, and who does not hear mentioned the names of the

women and men who have received large sums after each loan, great or

small. Russian or Brazilian. And each one, if he has the slightest

knowledge of business, knows to what degree this organization of great

financial houses is a product of the State, an essential attribute of

the State.

And it would be such a State — the powers and prerogatives of which our

politicians are so careful not to lessen — that most of the social

reformers expect to be the instrument for the emancipation of the

masses! What nonsense!

Be it stupidity, ignorance, or imposture — it is equally unpardonable in

people who believe themselves called to direct the fate of nations.

III. WAR AND INDUSTRY

We have seen in the preceding chapter that industrial rivalries and the

desire of acquiring new markets for the export of home-made products are

the chief cause of wars in modern times. Let us now see how in modern

industry the States create a class of men interested in turning nations

into armies, ever ready to hurl themselves at one another.

There are now, as we know, immense industries giving work to millions of

men, and existing for the sole purpose of producing war material. It is,

therefore, entirely to the advantage of these manufacturers, and of

those who lend them the necessary capital, to prepare for war, and to

fan the fear that war is ever on the eve of breaking out.

We need not concern ourselves with the small fry — with the makers of

worthless firearms, trumpery swords, and revolvers that always miss

fire, such as are to be found in Birmingham, Liège, etc. These are not

of much account, although the trade in these firearms, carried on by

exporters who speculate in “Colonial” wars, has already attained a

certain importance. We know, for example, that English merchants

supplied firearms to the Matabele when they were about to rise against

the English, who were forcing them into serfdom. Later on, there were

French manufacturers, and even well-known English ones, who made their

fortunes by supplying firearms, cannons, and ammunition to the Boers.

And even now we hear of quantities of firearms imported by English

merchants into Arabia, which some day will cause risings among the

Arabian tribes, bring about the plundering of a few British merchants,

and consequently British “intervention to reestablish order,” to be

followed sooner or later by “annexation.”

However, such facts need not be multiplied. Bourgeois patriotism is

already well known, and far more serious cases have been witnessed

recently. Thus, during the war between Russia and Japan, English gold

was supplied to the Japanese (at a very high rate of interest), in order

that they might destroy Russia’s nascent sea-power in the Pacific, which

gave umbrage to England. But at the very same time the English colliery

companies sold 300,000 tons of coal at a very high price to Russia, to

enable her to send Rojdestvensky’s fleet to the East. Two birds were

killed with one stone: the owners of the Welsh collieries made a good

business out of it; the shareholders and the directors of the Welsh

colliery companies, taken from the nobility, the clergy, and the House

of Commons — every self-respecting company has representatives of these

three classes on its board of directors — increased their fortunes; and,

on the other hand, the Lombard Street financiers placed money at 9 or 10

percent in the Japanese loan, and mortgaged a substantial part of the

income of their “dear allies” as a security for the debt.

These are but a few facts among thousands of others of the same kind. In

fact, we should be apprized of fine things done by the ruling classes if

the bourgeois did not know how to keep their secrets! Let us, then, pass

on to the next category of facts.

We know that all great States have favored, besides their own arsenals,

the establishment of huge private factories, where guns, armor-plates

for ironclads of lesser size, shells, gunpowder, cartridges, etc., are

manufactured. Large sums are spent by all States in the construction of

these auxiliary factories, where the most skilled workmen and engineers

are to be found gathered together, ready to fabricate engines of

destruction on a great scale in case of a war.

Now, it is perfectly evident that the direct advantage of those

capitalists who have invested their capital in such concerns lies in

keeping up rumors of war in order to persuade us that armaments are

necessary, and even spreading panic if need be. In fact, they do so.

If the chances of a European war sometimes grow less, if the ruling

classes — though themselves interested as shareholders in great

factories of this kind (Anzin, Krupp, Armstrong, etc.), and in great

railway companies, coal mines, etc. — require pressing in order to make

them sound the war-trumpet, they are compelled to do so by Jingo opinion

fabricated by means of newspaper, and even by preparations made for

insurrections.[2]

In fact, does not that prostitute, the Press, prepare men’s minds for

new wars? Does it not hasten on those wars that are likely to break out?

And in this way does it not compel the Governments to double, to treble

their armaments? For example, did we not see in England, during the ten

years preceding the Boer War, the great Press, and especially the

illustrated papers, artfully preparing the people’s minds for the

necessity of a war, in order to “arouse patriotism”? To this end no

stone was left unturned. With much noise they published novels about the

next war, in which we were told how the English, beaten at first, made a

supreme effort, and ended by destroying the German fleet and

establishing themselves in Rotterdam. An English nobleman spent large

sums of money that a patriotic play might be acted all over England. The

play was too stupid to pay, even in second-rate theaters, but its

production played into the hands of those moneymakers and politicians

who intrigued with Rhodes in Africa that they might seize the Transvaal

gold mines and compel the black natives to work in them.

Forgetting the past, these self-styled “patriots” even went as far as

reviving the cult of England’s sworn enemy, Napoleon I., and since then

the work in this direction has never ceased. In 1904–5 they almost

succeeded in driving France, governed at that time by Clemenceau and

Delcassé, into a war against Germany — the Minister for Foreign Affairs

of the Conservative Government, Lord Lansdowne, having promised to

support the French armies with an army of 50,000 men, to be sent to the

Continent. Delcassé, having attached undue importance to this ridiculous

proposal, very nearly launched France into a disastrous war.

In general, the more we advance with our bourgeois State civilization,

the more the Press, ceasing to be the expression of what may be called

public opinion, applies itself to manufacturing warlike opinion by the

most infamous means. The Press, in all great States, is controlled by

two or three financial syndicates, which manufacture the public opinion

needed for the promotion of their enterprises. They own the large

newspapers, and the lesser ones are of no account. They are to be bought

at such low prices!

But this is not all. The gangrene spreads far deeper.

Modern wars no longer consist of a mere massacre of hundreds of

thousands of men in a few great battles: a massacre of which those who

have not followed the details of the great battles during the last war

in Manchuria and the atrocious details of the great battles during the

last war in Manchuria and the atrocious details of the siege and defense

of Port Arthur have absolutely no idea. Yet the three great historical

battles — Gravelotte, Potomac, Borodino (near Moscow) — each lasting

three days, and in which there were respectively 90,000, 100,000, and

110,000 men killed and wounded on both sides, — these battles were

child’s play in comparison to modern warfare, as we saw it in Manchuria.

To-day, great battles are fought on a front, not of five to ten miles as

before, but of thirty-five to forty miles; they no longer last three

days, as was the case in the just-named great battles, but seven days

(Lao-Yang) and ten days (Mukden); and the losses are 100,000 and 150,000

men on each side.

The ravages caused by shells, thrown with accuracy of aim at a distance

of three, four, or five miles, by batteries the position of which cannot

be made out, as they use smokeless powder, are unimaginable. The guns

are not fired haphazard any more. The position occupied by the enemy is

divided mentally into squares two-thirds of a mile wide, and the fire

from all the batteries is concentrated on each square successively, in

order to destroy everything to be found there.

When the fire from several hundred pieces of ordnance is concentrated on

such a square, there is no space of ten square yards that has not been

struck by a shell, not a bush that has not been cut down by the howling

monsters sent nobody knows whence. Seven or eight days of this terrible

fire drives the soldiers to madness; and when the attacking columns,

after having been repelled eight to ten times in succession,

nevertheless gain ground by a few yards every time, and finally reach

the enemy’s trenches, a hand-to-hand struggle begins. After having

hurled hand-grenades and pieces of pyroxyline at one another (two pieces

of pyroxyline tied together with a string were used by the Japanese as a

sling), Russian and Japanese soldiers rolled in the trenches of Port

Arthur like wild beasts, striking each other with the butt-end of their

rifles and with their knives, and tearing each other’s flesh with their

teeth.

The working classes of the West know nothing of this terrible return to

the most atrocious savagery which modern warfare brings forth; and the

middle class who know it take care not to tell them.

We were told that smokeless powder would render wars impossible, to

which we replied that this was sentimental nonsense. We now know that

with the return of modern warfare to the hand-grenade, the sling, and

the bayonet, war has returned to the most barbarous aspects of olden

days.

However, modern wars do not only consist of massacres, of massacre

brought to the pitch of rage — of a return to savagery. They also cause

the destruction of human labor on a colossal scale, and we continually

feel the effect of this destruction in time of peace by the increase of

misery among the poor, running parallel with the enrichment of the rich.

Every war destroys a formidable amount of all sorts of goods, including

not only the so-called war material, but also things most necessary to

everyday life and to society as a whole: bread, meat, vegetables, food

of all kind, beasts of burden, leather, coal, metal, clothing, and so

on. This represents the useful labor of millions of men during decades;

and all this is wasted, burnt, gutted in a few months. Even in time of

peace it is wasted, in anticipation of coming wars.

As this war material, these metals, and these stores must be prepared

beforehand, the mere possibility of a new war brings about in all our

industries shocks and crises that every one of us feels. You, and I, all

of us, we feel their effect in the smallest details of our life. The

bread we eat, the coal we burn, the railway ticket we buy, the price of

each article depends on rumors relating to the likelihood of war at an

early date — rumors propagated by speculators on a rise in the prices of

all this produce.

The great industrial crises which we have lately lived through were

certainly due — as we shall see in our next issue — to the anticipation

of wars.

IV. INDUSTRIAL CRISES DUE TO ANTICIPATION OF WAR.

The necessity for preparing, long beforehand, formidable quantities of

war material and accumulations of stores of every description, brings

about in all industries shocks and crises from which every one, and

especially the working man, suffers to a terrible extent. This fact was

to be observed quite recently in the United States.

Every one, no doubt, remembers the industrial crisis that devastated the

United States some three or four years ago. In a measure, it is not over

yet. Well, the origin of this crisis — whatever may have been said about

it by “scientific” economists, who know the writings of their

predecessors, but ignore real life — the true origin of this crisis lay

in the excessive production of the chief industries of the States,

carried on during several years in anticipation of a great European war

and of a war between Japan and the United States. Those who spread the

idea of these wars knew well the effect that the expectation of such

conflicts would exercise in stimulating certain American industries. In

fact, for two or three years a feverish energy reigned in extracting all

sorts of metals and coal, and in the manufacture of railway plant and

preserved articles of food, as well as all materials for clothing.

The extraction of iron ore and the manufacture of steel in the United

States reached quite unexpected proportions during these years. Steel is

the principal article of consumption in modern warfare, and the United

States manufactured it in a fantastical way, as well as those metals,

such as nickel and manganese, which are required in the manufacture of

various kinds of steel used for war materials. At the same time, the big

American concerns vied with one another as to who would speculate the

most in gun metal, copper, lead, and nickel.

The same thing happened with supplies of corn, preserved meat, fish, and

vegetables. Cottons, cloth, and leather followed closely. And as each

great industry gives rise to a number of smaller ones around it, the

fever of a production far in excess of the demand spread more and more.

Money-lenders, or rather credit-lenders, who supplied the manufacturers

with capital, profited of course by this fever, even more so that the

captains of industry.

Then, at a blow, production suddenly stopped, without it being possible

to ascribe the fact to any one of the causes to which preceding crises

had been attributed. The truth is, that from the day when the great

European financial houses were sure that Japan, ruined by the war in

Manchuria, would not dare to attack the United States, and that no

European nation felt itself sufficiently sure of victory to draw the

sword, European capitalists refused to give credit either to those

American bankers who kept up over-production, or to the Japanese

“Nationalists.”

The threat of an imminent war ceased. Steel factories, copper mines,

blast furnaces, dockyards, tanneries, all suddenly slowed down their

operations, their orders, their purchases.

It was worse than a crisis, it was a disaster. Millions of workers of

both sexes were thrown on the street and left in the most abject misery.

Great and small factories closed down. The contagion spread as during an

epidemic, sowing terror around.

Who will ever tell of the sufferings of millions of men, women, and

children, of broken lives during the crisis, while immense fortunes were

being made in anticipation of mangled flesh and the piles of human

corpses about to be heaped up in the great battles!

This is war; this is how the State enriches the rich, keeps the poor in

misery, and year by year reduces them more and more to subjection.

Now, a crisis resulting from the same causes as the one in the United

States will in all likelihood be produced in Europe, and especially in

England.

Towards the middle of the year 1911 the world was astonished at the

sudden and quite unforeseen increase in English exports. Nothing of

consequence in the world of economics led us to expect it. No reason for

it has been given, precisely because the only possible explanation is

that the orders cam from the Continent in anticipation of a war between

England and Germany. As we know, this war failed to break out in July,

1911; but if it had broken out, France, Russia, Austria, and Italy would

have been compelled to participate in it. It is evident that great

financiers, who supply speculators in metal, provisions, cloth, leather,

etc., with their credit, had been warned of the threatening turn

relations were taking between the two sea Powers. They knew that both

Governments were pressing forward their preparations for war, so they

hastened to give their orders, which increased English exports in 1911

beyond measure.[3]

To the same cause is also due the recent extraordinary rise in prices of

all provisions without exception, at a time when neither the yield of

last year’s harvest nor the accumulation of all kinds of goods in

warehouses justified the rise. The fact is also that the rise did not

affect provisions only; all goods were influenced by it. Orders

continued to pour in when no reason whatever, save the anticipation of

war, could be brought forward for this excessive demand.

And now it would be sufficient that the great Colonial speculators of

England and Germany agree about their share in the partition of Eastern

Africa, and to act in concert as regards “the spheres of influence” in

Asia and in Africa — that is to say, come to terms over the next

conquests- for a sudden stoppage of industry to take place in Europe

similar to the crisis from which the United States have suffered

recently.

In truth, this reduction began to be felt already at the beginning of

1912. That is why the Coal Companies and the Cotton Lords of England

proved so uncompromising towards their work people and drove them to a

strike. They foresaw a reduction of orders when they had already too

great a stock of goods and too much coal piled up around their mines.

When we closely analyze the facts arising from the activity of modern

States, we understand to what extent the whole life of our civilized

societies depends, not on the facts of economic developments in nations,

but on the manner in which various groups of monopolists and privileged

men, more or less favored by the State, react on these facts.

Thus it is evident that the entry into the arena of economics of such a

powerful producer in modern Germany, with her schools, her technical

education spread broadcast among her people, her youthful high spirits,

and her capacity for organization, of necessity changed the relations

between nations. A readjustment of forces was unavoidable. But, owing to

the specific organization of modern States, the adjustment of economic

forces is impeded by another factor of political origin: the privileges

and the monopolies constituted and upheld by the State.

In reality, modern States are specially constituted in order to

establish privileges in favor of the rich, at the expense of the poor.

The great financial houses of each nation always lay down the law in all

political matters of importance. “What will Baron Rothschild say to it?”

“What attitude will the syndicate of great bankers in Paris, Vienna, and

London take?” Such questions have become the dominant element in

political affairs and in the relations between nations. It is the

approval or disapproval of financiers that makes and unmakes Ministries

everywhere in Europe. True, that in England there is also the approval

of the State Church and of the brewers to be faced; but the Church and

the brewers are always in agreement with the great financiers, who take

care never to interfere with their partizans’ income. After all, as a

Minister is but a man who holds fast to his office, to his power, and to

the possibilities of enrichment which his post offers to him and to his

supporters, it necessarily follows that the question of international

relations is nowadays finally reduced to knowing whether the favored

monopolists of a particular State will take such or such an attitude

towards the favorites of the same caliber in another State.

Thus, the state of economical forces brought into action is determined

by the technical development of diverse nations at a certain time in

their history; but the use that will be made of these forces depends

entirely on the degree of servitude towards their Government to which

populations have allowed themselves to be reduced. The economical forces

which could produce harmony and well-being, and give a fresh impulse to

libertarian civilization if they had free play in society, — these

forces, being directed by the State, that is to say, by an organization

specially developed to enrich the rich and to absorb all modern progress

in order to benefit privileged classes — these same forces become an

instrument of oppression, of monopolists, and endless wars. They

accelerate the enrichment of the favored, and they augment the misery

and the enthrallment of the poor.

This is why those economists who continue to consider economic forces

alone, without analyzing the limits within which their action is

circumscribed nowadays — without taking into account the ideology of the

State, or the forces that each State necessarily places at the service

of the rich, in order to favor their enrichment at the expense of the

poor — this is why such economists remain completely outside the

realities of the economic and social world.

[1] At the time of the Egyptian “war,” in 1882, H.M. Hyndman published

in the Nineteenth Century an excellent article telling in full of this

piece of robbery.

[2] These lines were written and published in the Temps Nouveaux in the

Summer of 1912. The striking revelations of Liebknecht, concerning the

ways in which rumors of coming wars are spread in the Press by the

owners of armament factories, and national hatred fostered in order to

increase the orders for war material, have come since to illustrate on a

grand scale this dominant feature of the present-day industry.

[3] A few figures will make these economic shocks the more apparent.

Between 1900 and 1904 the exports of British produce from the United

Kingdom were normal and fluctuated round about ÂŁ300,000,000. In 1904

there was a rumor of a great war; the United States quickened her

production, and English exports rose in three years from ÂŁ300,000,000 to

ÂŁ426,000,000. But the war, so longed for, was not forthcoming, and there

was a sudden decline of orders; the crisis we mentioned broke out in the

United States, and exports of English produce fell to ÂŁ327,000,000. In

1910, however, the anticipation of a great European war was about to be

realized, and in 1910 and 1911 English exports rose to an absolutely

unforeseen height which they had never approached before. Yet nobody

could explain the fact. In 1911 the exports reached ÂŁ454,000,000, and

over ÂŁ487,000,000 in 1912. Coal, steel, lead, fast vessels, cruisers,

cartridges, cloth, linen, foot-gear, leather, preserved foods, —

everything was in demand and was exported in huge quantities. Fortunes

were heaped up visibly. Men were about to massacre one another; what

good luck!