"But there is no point in indulging in wishful thinking about the past. The changes were brought about by the World War and its repercussions. The war tore Europe from its previous position and transformed it into a continent bleeding from many wounds and left impoverished – not only in Germany – valuable segments of the population. “Where iron grows in the mountain shafts, the masters of the Earth arise." Europe is no longer the main source of the world’s raw materials, and we can no longer delude ourselves that Europe is the leader of the world. For this reason the peoples of Europe are drawing closer together to protect themselves against conquest and inundation. And inasmuch as economics has an effect on politics, this drawing together, even though it might be questionable from the standpoint of economics, does constitute progress toward international understanding and peace. Even though the psychology of this process, which involves billions, causes sociologists to have reason for misgiving, the process is still an asset to mutual understanding among the nations."
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Original Language: English
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Sources
Gustav Stresemann, Nobel Lecture, (29 June 1927)
https://en.wikiquote.org/wiki/Economy_of_Europe
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Economy of Europe
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