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eve that every European country will struggle along the path that this war has opened to a far more completely organised State than has existed ever before. The Allies will become State firms, as Germany was, indeed, already becoming before the war; setting private profit aside in the common interest, handling agriculture, transport, shipping, coal, the supply of metals, the manufacture of a thousand staple articles, as national concerns. In the face of the manifest determination of the Central Powers to do as much, the Allies will be forced also to link their various State firms together into a great allied trust, trading with a common interest and a common plan with Germany and America and the rest of the world.... Youth and necessity will carry this against selfishness, against the unimaginative, against the unteachable, the suspicious, the "_old fool_." But I do not venture to prophesy that this will come about as if it were a slick and easy deduction from present circumstances. Even in France I do not think things will move as lucidly and generously as that. There will be a conflict everywhere between wisdom and cunning, between the eyes of youth and the purblind, between energy and obstinacy. The reorganisation of the European States will come about clumsily and ungraciously. At every point the sticker will be found sticking tight, holding out to be bought off, holding out for a rent or a dividend or a share, holding out by mere instinct. At every turn, too, the bawler will be loud and active, bawling suspicions, bawling accusations, bawling panic, or just simply bawling. Tricks, peculation, obstinacies, vanities--after this war men will still be men. But I do believe that through all the dust and din, the great reasons in the case, the steady constructive forces of the situation, will carry us. I believe that out of the ruins of the nineteenth century system of private capitalism that this war has smashed for ever, there will arise, there does even now arise, in this strange scaffolding of national munition factories and hastily nationalised public services, the framework of a new economic and social order based upon national ownership and service. Let us now recapitulate a little and see how far we have got in constructing a picture of the European community as it will be in fifteen or twenty years' time. Nominally it will be little more of a Socialist State than it is to-day, but, as a matter of fact,
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