A  NATION  IS  NOT  A  COMMUNITY  87
find  useful  occupation  in  home  trade  dispose  themselves  in
foreign  countries.  Since  our  enquiry  into  the  facts  of
Unemployment  was  chiefly  confined  to  England,  it  may
seem  that  the  wider  causal  treatment  is  not  strictly
relevant.  It  is  indeed  quite  true  that  here  as  elsewhere,
in  all  industrial  problems,  the  international  factor  is  of  so
great  importance  that  a  full  scientific  investigation  should
stand  upon  a  basis  of  international  statistics.  These  we
cannot  yet  obtain  with  any  degree  of  accuracy.  There
is,  however,  we  have  seen,  a  general  agreement  both  among
business  men  and  scientific  experts  that  those  phenomena
of  depressed  trade  which  we  study  chiefly  in  England  and
America  are  simultaneously  visible  in  different  shapes  and
degrees  throughout  those  other  countries  which  make  up
the  industrial  world.  Since  the  money-market  is  the  most
perfect  of  world-markets,  the  unimpeachable  testimony
to  a  large  and  general  glut  of  loanable  capital  affords
conclusive  evidence  that  the  “  unemployed  ”  question  on
the  side  of  capital  is  of  general  application.  On  the  side
of  labour  the  gigantic  armaments  maintained  by  certain
continental  countries  absorb  large  masses  of  labour  which
would  otherwise  swell  the  ranks  of  “  unemployed  ”  or
displace  those  at  present  in  work.  Many  structural  differences ­
  of  industrial  society  in  less  developed  countries
conceal  the  waste,  which  there  is  every  reason  to  believe
exists.
Lastly  it  does  not  devolve  on  me  to  prove  that  all  the
phenomena  which  we  have  found  in  England  exist  elsewhere,
in  order  to  show  that  there  exists  “  over-saving  ”  and  an
excess  of  forms  of  capital  in  the  whole  international
community.  If  there  were  no  “  unemployment  ”  of  capital
and  labour  in  England,  that  would  not  prove  there  were