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.
Thus, there can be no real disarmament except on the basis of the collective peace system of the League of Nations.
The first condition of success for the League of Nations is, therefore, a firm understanding between the British Empire and the United States of America and France and Italy that there will be no competitive building up of fleets or armies between them.
The drive toward economic nationalism is only part of the general revival of nationalism.
The nations must be organized internationally and induced to enter into partnership, subordinating in some measure national sovereignty to worldwide institutions and obligations.
We cannot give up hope for the future of humanity because it is our destiny to shape that future for good or ill.
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.
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.
We had four years of world war which the peoples endured only because they were told that their sufferings would free humanity forever from the scourge of war.
To solve the problem of organizing world peace we must establish world law and order.
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.
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.
In almost every country there are elements of opinion which would welcome such a conclusion because they wish to return to the politics of the balance of power, unrestricted and unregulated armaments, international anarchy, and preparation for war.
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.
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.