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88 been obtained. This course, I am convinced, would have been the wisest for each separate nation, as well as for civilization in general. The utmost evil that the enemy could inflict through an unfavorable peace would be a trifle compared to the evil which all the nations inflict upon themselves by continuing to fight. What blinds us to this obvious fact is pride, the pride which makes the acknowledgment of defeat intolerable, and clothes itself in the garb of reason by suggesting all kinds of evils which are supposed to result from admitting defeat. But the only real evil of defeat is humiliation, and humiliation is subjective; we shall not feel humiliated if we become persuaded that it was a mistake to engage in the war, and that it is better to pursue other tasks not dependent upon world-dominion. If either the English or the Germans could admit this inwardly, any peace which did not destroy national independence could be accepted without real loss in the self-respect which is essential to a good life.

The mood in which Germany embarked upon the war was abominable, but it was a mood fostered by the habitual mood of England. We have prided ourselves upon our territory and our wealth; we have been ready at all times to