Perhaps the worst of the three fallacies, and in a sense the deepest-rooted, is the concept of export trade as of more value than import trade. - John Atkinson Hobson

This is, in fact, the philosophical defence of progressive socialism, that human progress requires that one after another the lower material animal functions shall be reduced to routine, in order that a larger amount of individual effort may be devoted to the exercise of higher functions and the cultivation by strife of higher qualities.

As nations advance towards civilisation it becomes less needful for them to contend with one another for land and food to support their increasing numbers, because their increased control of the industrial arts enables them to gain what they want by conquering nature instead of conquering their fellow-men.

Is it not the larger and the longer hope and interest of America to live as a great partner in... a society of nations, rather than to live a life of isolated prosperity... ?