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Updated: May 8, 2025
The wealth of Germany or France is greater than that of Argentine, Brazil and Mexico combined, but Germany and France were developed countries, producing enough surplus for their own needs, and, therefore, the investable wealth of Great Britain went, not to her rich neighbors, but to the poorer lands across the sea.
The great burst of economic activity which has pushed the United States so rapidly to the fore as a producer of surplus wealth dates from the Civil War. Only in the last generation did there arise the financial imperialism that results from the necessity of finding a market for investable surplus.
The investable surplus is greater in the United States than in any other nation, and in amount as well as in percent the national debt is less than that in any other important nation except Japan. Economically the position of the United States is unique. The masters of her industries hold a position of great advantage in the capitalist world. Economic Power and Political Authority
Behind them, however, were economic gains little heralded, but of the most vital consequence to the future of plutocratic power. The war speeded production and added greatly to the national income, to investable surplus, to profits and thus to the economic power of the plutocrats. This report shows the profits made by the various industries during 1917 the first war year.
Each nation that produces an investable surplus and in the nature of the present economic system, every capitalist nation must some day reach the point where it can no longer absorb its own surplus wealth must find some undeveloped country in which to invest its surplus. Otherwise the continuity of the capitalist world is unthinkable.
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