Nationalism and Economic Life

Courtesy Reuters

ITALIAN fascism has proclaimed national "sacred egoism" as the sole creative factor. After reducing the history of humanity to national history, German fascism proceeded to reduce nation to race, and race to blood. Moreover, in those countries which politically have not risen -- or rather, descended -- to fascism, the problems of economy are more and more being forced into national frameworks. Not all of them have the courage to inscribe "autarchy" openly upon their banners. But everywhere policy is being directed toward as hermetic a segregation as possible of national life away from world economy. Only twenty years ago all the school books taught that the mightiest factor in producing wealth and culture is the world-wide division of labor, lodged in the natural and historic conditions of the development of mankind. Now it turns out that world exchange is the source of all misfortunes and all dangers. Homeward ho!

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