Marxism Unmasked from Delusion to Destruction.pdf 7471KB

countries where they wouldn't have been developed at all, or where they
would have been developed only much later and certainly not in the way
in which they were actualK' developed. The consequences undoubced}>'
benefited both the countries that invested and the countries in which the
investments had been made.
Very soon an attitude hostile to foreign investors and foreign ciediton
developed in many of the countries which had benefited fiom this foreign
investment. Such things e\'en happened to some extent m the Umted
States. One reason wh\- the Confederate States didn t get more than one
small loan from Europe during the Crvil War u-as that m their files jefierson
Davis (1808-1889) had a bbck mark against him. Before he became
president of the Confederacv; Da\Ts had ux>rked to repudute a sute loan
in Mississippi, and the European bankers at that nme had a good memory.
Ho^^'ever. such things happened more often in other countries than they
did in the United Sutes.
On the one hand some countries had a speofic idea about ho*%' fbcngn
investors and foreign creditors should be treated On the other hand their
were European gmrrnments waiting co intervme when such conflicts
became acute, to pn>tect the "righci" as the>- said. iM their cituens. As a
matter of fact, these European gtnrrnments vkrrr ikk \ttv much interested
in the "rights" of their ciii/ens What the\- wanted %%-as a pretext tor
colonial conquest Afier the Ciongrrss of Vicnru (18I4-I8!5|. it was a
ver>' disagreeable situation to be an arnn' officer in Eunipe v^-hKh wxk, by
and large, at peace The gosrrnments. and espesiaiK' their armies and
navies, were anxious to gain success abnv>d Thc\ wanted sictoriet. and
sonic gtnTrnincnt\ bcliesrd that public i>pinion expected suth victories If
thc>- went to war. thes might be defeated and thrir prestige ^\>uld suffer.
This led some of them to seek loloniaJ expkiiution hot instaiue. the
government of Napoleon 111. which suffered fnmi rralh' bad treatment ot
French invcstor\ in the KepuNu of Mcxun. embarked in the 18WH on a
great adventure in Me\Ui> In the beginning, it bnmght M>me tucce«» i»»
the French arinv. but it did not end x\ the Freruh had h*»ped
Ihc countrieA which had been benefited fn»ni foreign imrstment
misunderstcHHl the meaning and advantages of' foreign insTstment There
wa% a popular inmTinent againu fV»reign imrstors Thnnighout the vkT)rld.
the pniu ipic of national wnrreignrs became accepted, it was mainuined
that an outvide nation d4>es ni>t ha\r the right to intertere if the rights of
Its citizens in another countrv are being siolaied Thn was called the
sovereignrv- dtn trine We are m>t interested in the legal exciaet for pbcin^
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