THE GREAT ILLUSION
These views founded on a gross and dangerous misconception—What a German victory could and could not accomplish—What an English victory could and could not accomplish—The optical illusion of conquest—There can be no transfer of wealth—The prosperity of the little States in Europe—German Three per Cents. at 82 and Belgian at 96—Russian Three and a Half per Cents. at 81, Norwegian at 102—What this really means—If Germany annexed Holland, would any German benefit or any Hollander?—The "cash value" of Alsace-Lorraine.
I think