ce of Power on the continent of Europe, to see one half of
Europe equally matched against the other, because the more anxiously
Continental States were absorbed in maintaining their Balance of Power,
the keener would be their competition for our favour, and the freer
would be our hands to do what we liked in the rest of the world.

Was that a baseless slander? Let us test it with a question or two. Did
we ever want a Balance of Power at sea? British supremacy, with a
two-to-one or at least a sixteen-to-ten standard was, I fancy, our
minimum requirement. Is British supremacy what we mean by a Balance of
Power? Again, did we ever desire a Balance of Power in Africa, America,
or Asia? We may have talked of it sometimes, but only when we were the
weaker party and feared that another might claim in those continents the
sort of Balance of Power we claimed on the sea. We never spoke of the
Balance of Power in the interests of any nation except ourselves and an
occasional ally. We cannot speak in those terms to-day. If we demand a
Balance of Power on land, we must expect others to claim it at sea; if
we urge it on Europe as a means of peace, we cannot object if others
turn our own argument against us in other quarters of the globe; and
wherever you have a Balance of Power you will have a race for armaments
and the fear of war.

The Balance of Power is, in fact, becoming as obsolete as the Monopoly
of Power enjoyed by the Roman Empire. It is a bankrupt policy which went
into liquidation in 1914, and the high court of public opinion demands a
reconstruction. The principle of that reconstruction was stated by
President Wilson, a great seer whose ultimate fame will survive the
obloquy in which he has been involved by the exigencies of American
party-politics and the short-sightedness of public opinion in Europe. We
want, he said, a Community of Power, and its organ must be the League of
Nations. Nations must begin to co-operate and cease to counteract.

I am not advocating the League of Nations except in the limited way of
attempting to show that the Balance of Power is impossible as an
alternative unless you can re-create the conditions of a century ago,
restore the individual independence of a number of fairly equal Powers,
and guarantee the commonwealth of nations against privy conspiracy and
sedition in the form of separate groups and alliances. But there is one
supreme advantage in a Community of Power, provided it remains a