Evening star., 1927-05-01
II. s IMPERIALISTIC LEADER,
SAYS NOTED STATISTICIAN|
John Moody Holds America Far Exceeds
Old Rome, But Sees Policy as Best
Way to World Peace.

to IS ner cent of our wheat must he
marketed outside of the United States.
You can readily see how vital foreign
markets are to domestic business.
And we can't develop our foreign
trade or foreign markets unless we
let down the tariff. We can't export
unless we import. We have most of
The money in the world. The only
thing that foreign countries can pay
with is goods
There may be business profit i'm
our foreign investments. but what
about the political consequences?
Don't YOU fear that sooner or later
our financial penetration of the world
will be resisted by a combination of
nations? Might it not lead to the
worlds worst war;"
1T depends on how wise our states
men are. Great Britain has been an
impe1ialistic country for many years
now and she hasn't been demolished
We are very green at the game Of
imperialism. Our danger will be that
we haven't enough experience to play
the game. We haven't a corps of
trained and able diplomats like Eng
land has.
II am an avowed imperialist
Explains Imperialist.
LET me explain just what / mean
by the word 'imperialist' | am an
economic imperialist-not a political
imperialist The former believes that
dollars should go wherever there is
good business-no matter what the
political boundary. The latter believes
in country adding TO it's size and
power by subduing or purchasing
other. weaker nations. Political inn
perialism may have very grave con
sequences. 1t may involve political
liberty. But there Is no reason why
good business should not go anywhere
in the civilized world without fear of
political reprisals.
Il can see no other goal for the
American people. We live in an age
when Europe is only "a hours by air.
plane and five minutes by cable or
telephone. We can put through a
$4,000. 900 transaction just as quickly
to London or Toxic as to Philadelphia
from New York. There has also come
about a great change in the attitude
of American investors toward foreign
securities. A few years ago and the
prejudice against them was fully so
per cent. Today it has dropped to so
per cent. In a few years more it will
be lower than that.
1T might have been good business
philosophy years back to stay within
our own borders when nations leered
at one another from behind prohibi-
tive tariff walls and when the ideal
nation was the one who was least
dependent upon any other nation for
any kind of goods. Those were days
when nations strove to be wholly self.
sufficient, SO that they could prosecute
the art of war most successfully.
Those We're days of economic stupid
ity. Nations prepared for war, not
for prosperity. l think those days are
gone or are going fast"
Surest Way to Peace.
But. Mr.. Moody, foreign people
don't like the idea of our owning their
industries and controlling in a meas.
ure their economic life," I said.
The surest way to end war is to
make war Improbable. The wider
nations disperse their investments the |
safer 1t is going to be for world peace |
If we are investing in the world the |
world is also investing in US. There !
is great deal of English capital in |
America. There is also much French, |
Dutch, Scandinavian and German cap |
ital here. This wide diffusion of eco. |
nomic interests is certain to have a |
restraining effect on war
II every nation IN the world has |
an economic stake in every other ma |
ton of the world. it would be highly |
Improbable to fight. Also, as the |
races of the. world get intermixed. an |
other wedge against war is driven. |
People won't be inclined to fight |
against their racial or economic inter |
ests. The whole world is investing. |
1t is not just America alone. Capital |
today knows no nationalistic bounda- |
ries. And because of this, world eco
nomic imperialism-not just American
imperialism--is making for world
peace"