Page:The New Protectionism.djvu/57

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DEFENCE AND OPULENCE 33

favourable terms. We should, by thus turning over the neutral markets more largely to Germany, offset any advantages which might seem to accrue to us by setting up the larger economic system of the Alliance against the smaller system of Central Europe. So far as Great Britain is concerned, we should be jeopardizing some of the essentials of life and trade by reducing the number of separate sources of supply. Thus there is no reason to suppose that an effective economic boycott of the Central Powers after the war, even if it could be maintained, would injure them more than it injured us, or, in other words, would add anything to our relative power of "defence."

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