Imperialism, A Study

persons in Great Britain who have produced the goods that are exported: destroy this export trade and you annihilate all this income.” This plausible presentation of the matter rests, however, upon shallow economic analysis. It is an excellent thing to have a wide and various foreign market, but we cannot admit that the capital and labour which made the export goods must have remained without employment if this foreign outlet for the goods they made had not existed. It is an advantage to our manufacturers that foreigners are willing to compete with home consumers for the