"In one sense the present war is a conflict between the two great sets of belligerent powers, but in a different and very real sense it is a conflict between two conceptions of national policy. The catch words "democracy" and "imperialism" may be used briefly to indicate the opposing ideas. In every country both are represented, though in varying proportions, and in every country there is strife between them. In each belligerent nation there are those that want to continue the fight till military supremacy is achieved, in each there are powerful forces that seek a settlement of a wiser type which, instead of containing such threats to stability as are involved in annexation, humiliation of the enemy, and in competition in armaments, shall secure rational independence all round, protect the rights of minorities and foster international cooperation."