But as a result of such mutilation of its industrial life such a country is better able--it has been believed--to bear the shock of severing its international trade relations entirely, as is likely to happen in case of war.
In a large country, such as America or Russia, which comprises within its national boundaries very extensive and very varied resources and a widely distributed and diversified population, the mischief suffered from restraints of trade that hinder industrial relations with the world at large will of course be proportionately lessened.

Such a country comes nearer being a miniature industrial world; although none of the civilised nations, large or small, can carry on its ordinary industrial activities and its ordinary manner of life without drawing on foreign parts to some appreciable extent.

But a country of small territorial extent and of somewhat narrowly restricted natural resources, as, e.g., Germany or France, can even by the most drastic measures of restraint and mutilation achieve only a very mediocre degree of industrial isolation and "self-sufficiency,"-- as has, e.g., appeared in the present war.

But in all cases, though in varying measure, the mitigated isolation so enforced by these restraints on trade will in their degree impair the country's industrial efficiency and lower the people's material well-being; yet, if the restrictions are shrewdly applied this partial isolation and partial "self-sufficiency" will go some way toward preparing the nation for the more thorough isolation that follows on the outbreak of hostilities.
The present plight of the German people under war conditions may serve to show how nearly that end may be attained, and yet how inadequate even the most unreserved measures of industrial isolation must be in face of the fact that the modern state of the industrial arts necessarily draws on the collective resources of the world at large.

It may well be doubted, on an impartial view, if the mutilation of the country's industrial system by such measures of isolation does not after all rather weaken the nation even for warlike ends; but then, the discretionary authorities in the dynastic States are always, and it may be presumed necessarily, hampered with obsolete theories handed down from that cameralistic age, when the little princes of the Fatherland were making dynastic history.