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if people were utterly unable to picture in their minds the heights to which the Empire formerly attained, so visionary and unreal appears the greatness and splendour of those days in contrast to the misery of the present. Bearing this in mind we can understand why and how people become so dazed when they try to look back to the sublime past that they forget to look for the symptoms of the great collapse which must certainly have been present in some form or other. Naturally this applies only to those for whom Germany was more than merely a place of abode and a source of livelihood. These are the only people who have been able to feel the present conditions as really catastrophic, whereas others have considered these conditions as the fulfilment of what they had looked forward to and hitherto silently wished.

The symptoms of future collapse were definitely to be perceived in those earlier days, although very few made any attempt to draw a practical lesson from their significance. But this is now a greater necessity than it ever was before. For just as bodily ailments can be cured only when their origin has been diagnosed, so also political disease can be treated only when it has been diagnosed. It is obvious of course that the external symptoms of any disease can be more readily detected than its internal causes, for these symptoms strike the eye more easily. This is also the reason why so many people recognize only external effects and mistake them for causes. Indeed they will sometimes try to deny the existence of such causes. And that is why the majority of people among us recognize the German collapse only in the prevailing economic distress and the results that have followed therefrom. Almost everyone has to carry his share of this burden, and that is why each one looks on the economic catastrophe as the cause of the present deplorable state of affairs. The broad masses of the people see little of the cultural, political, and moral background of this collapse. Many of them completely lack both the necessary feeling and powers of understanding for it.

That the masses of the people should thus estimate the causes of Germany's downfall is quite understandable. But the fact that intelligent sections of the community regard the German collapse primarily as an economic catastrophe, and consequently think that a cure for it may be found in an economic solution, seems to me to be the reason why hitherto no improvement has been brought about. No improvement can be brought about until it be understood that economics play only a second or third role, while the main part is played by political, moral and racial factors. Only when this is understood will it be possible to understand the causes of the present evil and consequently to find the ways and means of remedying them.

Therefore the question of why Germany really collapsed is one of the most urgent significance, especially for a political movement which aims at overcoming this disaster.

In scrutinizing the past with a view to discovering the causes of the German break-up, it is necessary to be careful lest we may be unduly impressed by external results that readily strike the eye and thus ignore the less manifest causes of these results.

The most facile, and therefore the most generally accepted, way of accounting for the present misfortune is to say that it is the result of a lost war, and that this is the real cause of the present misfortune. Probably there are many who honestly believe in this absurd explanation but there are many more in whose mouths it is a deliberate and conscious falsehood. This applies to all those who are now feeding at the Government troughs. For the prophets of the Revolution again and again declared to the people that it would be immaterial to the great masses what the result of the War might be. On the contrary, they solemnly assured the public that it was High Finance which was principally interested in a victorious outcome of this gigantic struggle among the nations but that the German people and the German workers had no interest whatsoever in such an outcome. Indeed the apostles of world conciliation habitually asserted that, far from any German downfall, the opposite was bound to take place--namely, the resurgence of the