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Excerpt from The New Protectionism
My object is to inspect and test, first, the substance of this economic menace, and, secondly, the validity of the measures by which it is proposed to meet it. The New Protectionism differs from the Old in seek ing to superimpose the present war map of the world, with its divisions of belligerents, allies, and neutrals, upon the Protectionism of 1903-1905, which sought to combine pro tection for British industries with a closer business connection between the self-govern ing dominions and the mother-country. To extract a definite intelligible shape for this New Protectionism out of the general rhetoric in which it is embedded by most of its exponents is no easy task. Its principal organs in the Press - such as the Morning Post, the Northcliffe papers, and by recent conversion the Spectator - do not agree among themselves either as to scope, objects, or methods; and the Chambers of Com merce - more concerned with business and less with politics - formulate proposals woe fully deficient in that element of defence.
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