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to get through or round, it may still be possible to get over. There is the air path.

      This idea has certainly taken hold of the French mind, but France has been too busy and is temperamentally too economical to risk large expenditures upon what is necessarily an experiment. The British are too conservative and sceptical to be the pioneers in any such enterprise. The Russians have been too poor in the necessary resources of mechanics and material.

      The Germans alone have made any sustained attempt to strike through the air at their enemies beyond the war zone. Their Zeppelin raids upon England have shown a steadily increasing efficiency, and it is highly probable that they will be repeated on a much larger scale before the war is over. Quite possibly, too, the Germans are developing an accessory force of large aeroplanes to co-operate in such an attack. The long coasts of Britain, the impossibility of their being fully equipped throughout their extent, except at a prohibitive cost of men and material, to resist air invaders, exposes the whole length of the island to considerable risk and annoyance from such an expedition.

      It is doubtful, though, if the utmost damage an air raid is likely to inflict upon England would count materially in the exhaustion process, and the moral effect of these raids has been, and will be, to stiffen the British resolution to fight this war through to the conclusive ending of any such possibilities.

      The net result of these air raids is an inflexible determination of the British people rather to die in death grips with German militarism than to live and let it survive. The best chance for the aircraft was at the beginning of the war, when a surprise development might have had astounding results. That chance has gone by. The Germans are racially inferior to both French and English in the air, and the probability of effective blows over the deadlock is on the whole a probability in favour of the Allies. Nor is there anything on or under the sea that seems likely now to produce decisive results. We return from these considerations to a strengthened acceptance of Bloch.

      The essential question for the prophet remains therefore the question of which group of Powers will exhaust itself most rapidly. And following on from that comes the question of how the successive stages of exhaustion will manifest themselves in the combatant nations. The problems of this war, as of all war, end as they begin in national psychology.

      But it will be urged that this is reckoning without the Balkans. I submit that the German thrust through the wooded wilderness of Serbia is really no part of the war that has ended in the deadlock of 1915. It is dramatic, tragic, spectacular, but it is quite inconclusive. Here there is no way round or through to any vital centre of Germany’s antagonists. It turns nothing; it opens no path to Paris, London, or Petrograd. It is a long, long way from the Danube to either Egypt or Mesopotamia, and there—and there—Bloch is waiting. I do not think the Germans have any intention of so generous an extension of their responsibilities. The Balkan complication is no solution of the deadlock problem. It is the opening of the sequel.

      A whole series of new problems are opened up directly we turn to this most troubled region of the Balkans—problems of the value of kingship, of nationality, of the destiny of such cities as Constantinople, which from their very beginning have never had any sort of nationality at all, of the destiny of countries such as Albania, where a tangle of intense tribal nationalities is distributed in spots and patches, or Dalmatia, where one extremely self-conscious nation and language is present in the towns and another in the surrounding country, or Asia Minor, where no definite national boundaries, no religious, linguistic, or social homogeneities have ever established themselves since the Roman legions beat them down.

      But all these questions can really be deferred or set aside in our present discussion, which is a discussion of the main war. Whatever surprises or changes this last phase of the Eastern Empire, that blood-clotted melodrama, may involve, they will but assist and hasten on the essential conclusion of the great war, that the Central Powers and their pledged antagonists are in a deadlock, unable to reach a decision, and steadily, day by day, hour by hour, losing men, destroying material, spending credit, approaching something unprecedented, unknown, that we try to express to ourselves by the word exhaustion.

      Just how the people who use the word “exhaustion” so freely are prepared to define it, is a matter for speculation. The idea seems to be a phase in which the production of equipped forces ceases through the using up of men or material or both. If the exhaustion is fairly mutual, it need not be decisive for a long time. It may mean simply an ebb of vigour on both sides, unusual hardship, a general social and economic disorganisation and grading down. The fact that a great killing off of men is implicit in the process, and that the survivors will be largely under discipline, militates against the idea that the end may come suddenly through a vigorous revolutionary outbreak. Exhaustion is likely to be a very long and very thorough process, extending over years. A “war of attrition” may last into 1918 or 1919, and may bring us to conditions of strain and deprivation still only very vaguely imagined. What happens in the Turkish Empire or India or America or elsewhere may extend the areas of waste and accelerate or retard the process, but is quite unlikely to end it.

      Let us ask now which of the combatants is likely to undergo exhaustion most rapidly, and what is of equal or greater importance, which is likely to feel it first and most? No doubt there is a bias in my mind, but it seems to me that the odds are on the whole heavily against the Central Powers. Their peculiar German virtue, their tremendously complete organisation, which enabled them to put so large a proportion of their total resources into their first onslaught and to make so great and rapid a recovery in the spring of 1915, leaves them with less to draw upon now. Out of a smaller fortune they have spent a larger sum. They are blockaded to a very considerable extent, and against them fight not merely the resources of the Allies, but, thanks to the complete British victory in the sea struggle, the purchasable resources of all the world.

      Conceivably the Central Powers will draw upon the resources of their Balkan and Asiatic allies, but the extent to which they can do that may very easily be over-estimated. There is a limit to the power for treason of these supposititious German monarchs that Western folly has permitted to possess these Balkan thrones—thrones which need never have been thrones at all—and none of the Balkan peoples is likely to witness with enthusiasm the complete looting of its country in the German interest by a German court. Germany will have to pay on the nail for most of her Balkan help. She will have to put more into the Balkans than she takes out.

      Compared with the world behind the Allies the Turkish Empire is a country of mountains, desert and undeveloped lands. To develop these regions into a source of supplies under the strains and shortages of war-time, will be an immense and dangerous undertaking for Germany. She may open mines she may never work, build railways that others will enjoy, sow harvests for alien reaping. The people the Bulgarians want in Bulgaria are not Germans but Bulgarians; the people the Turks want in Anatolia are not Germans but Turks. And for all these tasks Germany must send men. Men?

      At present, so far as any judgment is possible, Germany is feeling the pinch of the war much more even than France, which is habitually parsimonious, and instinctively cleverly economical, and Russia, which is hardy and insensitive. Great Britain has really only begun to feel the stress. She has probably suffered economically no more than have Holland or Switzerland, and Italy and Japan have certainly suffered less. All these three great countries are still full of men, of gear, of saleable futures. In every part of the globe Great Britain has colossal investments. She has still to apply the great principle of conscription not only to her sons but to the property of her overseas investors and of her landed proprietors. She has not even looked yet at the German financial expedients of a year ago. She moves reluctantly, but surely, towards such a thoroughness of mobilisation. There need be no doubt that she will completely socialise herself, completely reorganise her whole social and economic structure sooner than lose this war. She will do it clumsily and ungracefully, with much internal bickering, with much trickery on the part of her lawyers, and much baseness on the part of her landlords; but she will do it not so slowly as a logical mind might anticipate. She will get there a little late, expensively, but still in time….

      The German group, I reckon, therefore, will become exhausted first. I think, too, that Germany will, as a nation, feel and be aware of what is happening to her sooner than any other of the nations that are sharing in this process of depletion. In 1914

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