The vast upheaval of the World War set in motion forces that will either destroy civilization or raise mankind to undreamed of heights of human welfare and prosperity.

Perhaps the grimmest aspect of this great paradox is that the very nations that are chiefly responsible for starting and for maintaining the Disarmament Conference are also the nations that have begun a new arms race.

The question is, what are we to do in order to consolidate peace on a universal and durable foundation, and what are the essential elements of such a peace?

In some states militant nationalism has gone to the lengths of dictatorship, the cult of the absolute or totalitarian state and the glorification of war.

The forces that are driving mankind toward unity and peace are deep-seated and powerful. They are material and natural, as well as moral and intellectual.

I do not believe that the values which the Western democracies consider essential to civilization can survive in a world rent by the international anarchy of nationalism and the economic anarchy of competitive enterprise.

In our modern world of interdependent nations, hardly any state can wage war successfully without raising loans and buying war materials of every kind in the markets of other nations.