They dreamt of maintaining a world peace and woke up to find themselves in a world war.

And that dream of peace was a most significant reason why the above-mentioned third alternative for the future development of Germany was not even taken into consideration. The fact was recognized that new territory could be gained only in the East; but this meant that there would be fighting ahead, whereas they wanted peace at any cost. The slogan of German foreign policy at one time used to be: The use of all possible means for the maintenance of the German nation. Now it was changed to: Maintenance of world peace by all possible means. We know what the result was. I shall resume the discussion of this point in detail later on.

There remained still another alternative, which we may call the fourth. This was: Industry and world trade, naval power and colonies.

Such a development might certainly have been attained more easily and more rapidly. To colonize a territory is a slow process, often extending over centuries. Yet this fact is the source of its inner strength, for it is not through a sudden burst of enthusiasm that it can be put into effect, but rather through a gradual and enduring process of growth quite different from industrial progress, which can be urged on by advertisement within a few years. The result thus achieved, however, is not of lasting quality but something frail, like a soap-bubble. It is much easier to build quickly than to carry through the tough task of settling a territory with farmers and establishing farmsteads. But the former is more quickly destroyed than the latter.

In adopting such a course Germany must have known that to follow it out would necessarily mean war sooner or later. Only children could believe that sweet and unctuous expressions of goodness and persistent avowals of peaceful intentions could get them their bananas through this 'friendly competition between the nations', with the prospect of never having to fight for them.

No. Once we had taken this road, England was bound to be our enemy at some time or other to come. Of course it fitted in nicely with our innocent assumptions, but still it was absurd to grow indignant at the fact that a day came when the English took the liberty of opposing our peaceful penetration with the brutality of violent egoists.

Naturally, we on our side would never have done such a thing.

If a European territorial policy against Russia could have been put into practice only in case we had England as our ally, on the other hand a colonial and world-trade policy could have been carried into effect only against English interests and with the support of Russia. But then this policy should have been adopted in full consciousness of all the consequences it involved and, above all things, Austria should have been discarded as quickly as possible.

At the turn of the century the alliance with Austria had become a veritable absurdity from all points of view.

But nobody thought of forming an alliance with Russia against England, just as nobody thought of making England an ally against Russia; for in either case the final result would inevitably have meant war. And to avoid war was the very reason why a commercial and industrial policy was decided upon. It was believed that the peaceful conquest of the world by commercial means provided a method which would permanently supplant the policy of force. Occasionally, however, there were doubts about the efficiency of this principle, especially when some quite incomprehensible warnings came from England now and again. That was the reason why the fleet was built. It was not for the purpose of attacking or annihilating England but merely to defend the concept of world-peace, mentioned above, and also to protect the principle of conquering the world by 'peaceful' means. Therefore this fleet was kept within modest limits, not only as regards the number and tonnage of the vessels but also in regard to their armament, the idea being to furnish new proofs of peaceful intentions.

The chatter about the peaceful conquest of the world by commercial means was probably the most completely nonsensical stuff ever raised to the dignity of a guiding principle in the policy of a State, This nonsense became even more foolish