Excerpt from Economic Statesmanship: The Great Industrial and Financial Problems Arising From the War The War has shown even to the blindest that military power and economic strength are exceedingly closely interwoven, that wars may be lost or Won not only on the battlefield, but also in the school, the laboratory, the mine, the mill, and the factory. It follows that the policy of laissez faire, the policy of drift in economic matters, in which the security of the State is subordinated to the liberty of action of individuals who merely strive to benefit themselves, has become discredited. The 'policy of laissez faire, of individualism, is a policy which may be summed up in the phrase, Everyone for him self. At last it has become clear even to the most narrow-minded individualists that nation-wide co-opera tion, the harmonised and ordered effort of all the citizens for the furtherance of the common good, is a more potent factor for ensuring the national Welfare than unfettered competition, an internecine War of all against all, the bellum omnium contra omnes of Thomas Hobbes. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.