Note 365 — Chapter IV

‘It cannot, indeed, be denied that mistaken views of commerce, like those so frequently entertained of religion, have been the cause of many wars and of much bloodshed.’ M'Culloch's Principles of Political Economy, p. 140. See also pp. 37, 38: ‘It has made each nation regard the welfare of its neighbours as incompatible with its own: hence the reciprocal desire of injuring and impoverishing each other; and hence that spirit of commercial rivalry, which has been the immediate or remote cause of the greater number of modern wars.’