e opposition of the two terms is not complete. Nor do
the terms Nationalism and Internationalism describe the two policies.
The internationalism for which we are striving does not negate
nationalism. It is not a cosmopolitanism, a world-union of
undifferentiated and denationalized individuals, but a policy of
compounding and accommodating permanent and distinct national interests.

[2] _Seven Seas Magazine_ (Organ of the Navy League of the United
States), Nov., 1915, pp. 27-28.

[3] F. Garcia Calderon, "Latin-America. Its Rise and Progress." New
York, 1915, p. 390.

[4] A second prophecy of Senor Calderon is to the effect that "unless
some extraordinary event occurs to disturb the evolution of the modern
peoples, the great nations of industrial Europe and Japan, the champion
of Asiatic integrity, will oppose the formidable progress of the United
States."--_Op. cit._, 389.

[5] Mahan (A. T.), "Possibilities of an Anglo-American Reunion."
_North American Review_, July, 1894.

[6] _Round Table_, London, May, 1911, pp. 251-2 (?).

[7] The combined white population of New Zealand, Australia, South
Africa, Newfoundland and Canada (in 1911) was only 14.2 millions, or
almost exactly the increase in the (total) population of Continental
United States in the one decade ending 1910. The white population of
the United States already constitutes 4/7 of the total white
English-speaking population of the world. Moreover, population is
increasing far more rapidly in the United States than in the six
British nations.

{169}

PART III

TOWARDS ECONOMIC INTERNATIONALISM

CHAPTER XIII

NATURAL RESOURCES AND PEACE

For the United States to attempt to secure an economic
internationalism, which shall form the basis of an enduring peace, is
to enter upon a task which bristles with difficulties. These
difficulties fall into two classes, those which tend to deprive America
of her freedom of action and disqualify her for leadership, and those
which are found in deep antagonisms among the nations to be reconciled.
America cannot succeed in her efforts to bring about an economic
internationalism if she herself is economically or psychologically
unstable or if her own foreign policy is grasping, aggressive and
imperialistic. Nor can she succeed unless her efforts are wisely
directed towards the solution of the real problems which now divide the
world.

In all such discussions we are likely to take America's pacific