being the English Imperialists allowed the French usurers to have their way within the limits of the continent assigned to them, thus shrewdly diverting from themselves the keen indignation of European and English workers, and turning it upon France. The power of moribund and devastated France is ephemeral and almost farcical. Sooner or later this fact will penetrate into the minds of even the French social-patriots.
Italy has fallen still lower in the svale of international relations. Deprived of coal and bread, deprived of raw material, having its internal equilibrium lost as a result of the war, the Italian bourgeoisie is incapable, though entirely willing, to realize in full measure the rights to plunder and violate even those colonial allotments assigned to it by England.
Japan, torn within her feudal shell by capitalist contradictions, stands on the verge of a great revolutionary crisis which is already paralyzing her imperialist aspirations, in spite of the favorable international situation.
Thus only two great powers remain: Great Britain and the United States.
The English Imperialism has rid itself of the Asiatic rivalry of Czarism and of the menace of German competition, The military power of Britain has reached its apex. England has surrounded the Continent with a chain of subject nations. She has subjected to her control Finland, Esthonia and Latvia, thus depriving Sweden and Norway of the last vestige of independence and converting the Baltic Sea into a British bay. She has no rival in the North Sea. Her supremacy in South Africa, Egypt, India, Persia and Afganistan has converted the Indian Ocean into a British lake. Her domination on the sea makes her likewise mistress of the continent. Her power over the world ends only with the American Dollar Republic and the Russian Soviet Republic.
The United States was absolutely thrown off the path of continental provincialism by the world war. The Monroe doctrine—"America for the Americans"—which was the program of the newly fledged national capitalism, has given place to the imperialist watchword,—"Make the Whole World America". Having started with exploiting the war and profiting from the European bloodshed by commercial and industrial deals and exchange speculation, America went on to direct participation in the world war, playing a predominant part in the destruction of Germany and now has its hand in all questions of European and world politics.
Under the banner of the League of Nations the United States tried to extend to this side of the ocean its policy of uniting various nationalities on a federative basis and hitch to its golden chariot the nationalities of Europe and other parts
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