the Emperor and the Oligarchy, for the purpose of meeting their common foe, the revolutionary proletariat of both countries. And it was this alliance that the Oligarchy afterward so treacherously broke when the German socialists rose and drove the war-lord from his throne. It was the very thing the Oligarchy had played for—the destruction of its great rival in the world-market. With the German Emperor out of the way, Germany would have no surplus to sell abroad. By the very nature of the socialist state, the German population would consume all that it produced. Of course, it would trade abroad certain things it produced for things it did not produce; but this would be quite different from an unconsumable surplus.
“I’ll wager the Oligarchy finds justification,” Ernest said, when its treachery to the German Emperor became known. “As usual, the Oligarchy will believe it has done right.”
And sure enough. The Oligarchy’s public defence for the act was that it had done it for the sake of the American people whose interests it was looking out for. It had flung its hated rival out of the world-market and enabled us to dispose of our surplus in that market.
“And the howling folly of it is that we are so helpless that such idiots really are managing our interests,” was Ernest’s comment. “They have enabled us to sell more abroad, which means that we’ll be compelled to consume less at home.”