hand, certain countries are far advanced in their development, whilst others are backward. As a result of this, various products of urban industry in the more advanced lands are marketed in the backward countries. England, the United States, and Germany, in particular, send iron goods to all parts of the world. Germany is the chief exporter of chemical products.
Thus each country is dependent on the others; each sells to the others or buys from the others. How far this dependence can go, we may learn from the example of Britain. From three-fourths to four-fifths of the wheat needed by that country and half of the meat are imported, and in return for this the greater part of the goods produced in British factories has to be exported.
Let us now ask ourselves whether financial capital puts an end to competition in the world market. Does it create a world-wide organisation in virtue of the fact that it unites the capitalists in individual countries? Obviously this is