This notion is only justified in a certain sense.

In the first place, such a policy does not offer the possibility of finding homes for the overflow population in a territory of our own; next, it does not guarantee the certainty of an open and unrestricted trade competition.

It secures to all trading nations equal tariffs, but this does not imply by any means competition under equal conditions.

On the contrary, the political power which is exercised in such a country is the determining factor in the economic relations.

The principle of the open door prevails everywhere--in Egypt, Manchuria, in the Congo State, in Morocco--and everywhere the politically dominant Power controls the commerce: in Manchuria Japan, in Egypt England, in the Congo State Belgium, and in Morocco France.