precisely the reasons which result from the distinction between policing and conquest, which I have drawn. German industry is coming to have dominating interests in the Near East, and as those interests—her markets and investments—increase, the necessity for better order in, and the better organization of, those territories increases in corresponding degree. Germany may need to police Asia Minor.
What interest have we in attempting to prevent her? It may be urged that she would close the markets of those territories against us. But even if she attempted it, which she is never likely to do, a Protectionist Asia Minor organized with German efficiency would be better from the point of view of trade than a Free Trade Asia Minor organized à la Turque. Protectionist Germany is one of the best markets in Europe. If a second Germany were created in the Near East, if Turkey had a population with the German purchasing power and the German tariff, the markets would be worth some two hundred to two hundred and fifty millions instead of some fifty to seventy-five. Why should we try to prevent Germany increasing our trade?
It is true that we touch here the whole problem of the fight for the open door in the undeveloped territories. But the real difficulty in this problem is not the open door at all, but