But all these questions can really be deferred or set aside in our present discussion, which is a discussion of the main war. Whatever surprises or changes this last phase of the Eastern Empire, that blood-clotted melodrama, may involve, they will but assist and hasten on the essential conclusion of the great war, that the Central Powers and their pledged antagonists are in a deadlock, unable to reach a decision, and steadily, day by day, hour by hour, losing men, destroying material, spending credit, approaching something unprecedented, unknown, that we try to express to ourselves by the word exhaustion.
Just how the people who use the word "exhaustion" so freely are prepared to define it, is a matter for speculation. The idea seems to be a phase in which the production of equipped forces ceases through the using up of men or material or both. If the exhaustion is fairly mutual, it need not be decisive for a long time. It may mean simply an ebb of vigour on both sides, unusual hardship, a general social and economic disorganisation and grading down. The fact that a great killing off of men is implicit in the process, and that the survivors will be largely under discipline, militates against the idea that the end may come suddenly through a vigorous revolutionary outbreak. Exhaustion is likely to be a very long and very thorough process, extending over years. A "war of attrition" may last into 1918 or 1919, and may bring us to conditions of strain and deprivation still only very vaguely imagined. What happens in the Turkish Empire or India or America or elsewhere may extend the areas of waste and accelerate or retard the process, but is quite unlikely to end it.
Let us ask now which of the combatants is likely to undergo exhaustion most rapidly, and what is of equal or greater importance, which is likely to feel it first and most? No doubt there is a bias in my mind, but it seems to me that the odds are on the whole heavily against the Central Powers. Their peculiar German virtue, their tremendously complete organisation, which enabled them to put so large a proportion of their total resources into their first onslaught and to make so great and rapid a recovery in the spring of 1915, leaves them with less to draw upon now. Out of a smaller fortune they have spent a larger sum. They are blockaded to a very considerable extent, and against them fight not merely the resources of the Allies, but, thanks to the complete British victory in the sea struggle, the purchasable resources of all the world.
Conceivably the Central Powers will draw upon the resources of their Balkan and Asiatic allies, but the extent to which they can do that may very easily be over-estimated. There is a limit to the power for treason of these supposititious German monarchs that Western folly has permitted to possess these Balkan thrones-thrones which need never have been thrones at all-and none of the Balkan peoples is likely to witness with enthusiasm the complete looting of its country in the German interest by a German court. Germany will have to pay on the nail for most of her Balkan help. She will have to put more into the Balkans than she takes out.
Compared with the world behind the Allies the Turkish Empire is a country of mountains, desert and undeveloped lands. To develop these regions into a source of supplies under the strains and shortages of war-time, will be an immense and dangerous undertaking for Germany. She may open mines she may never work, build railways that others will enjoy, sow harvests for alien reaping. The people the Bulgarians want in Bulgaria are not Germans but Bulgarians; the people the Turks want in Anatolia are not Germans but Turks. And for all these tasks Germany must send men. Men?
At present, so far as any judgment is possible, Germany is feeling the pinch of the war much more even than France, which is habitually parsimonious, and instinctively cleverly economical, and Russia, which is hardy and insensitive. Great Britain has really only begun to feel the stress. She has probably suffered economically no more than have Holland or Switzerland, and Italy and Japan have certainly suffered less. All these three great countries are still full of men, of gear, of saleable futures. In every part of the globe Great Britain has colossal investments. She has still to apply the great principle of conscription not only to her sons but to the property of her overseas investors and of her landed proprietors. She has not even looked yet at the German financial expedients of a year ago. She moves reluctantly, but surely, towards such a thoroughness of mobilisation. There need be no doubt that she will completely socialise herself, completely reorganise her whole social and economic structure sooner than lose this war. She will do it clumsily and ungracefully, with much internal bickering, with much trickery on the part of her lawyers, and much baseness on the part of her landlords; but she will do it not so slowly as a logical mind might anticipate. She will get there a little late, expensively, but still in time…
The German group, I reckon, therefore, will become exhausted first. I think, too, that Germany will, as a nation, feel and be aware of what is happening to her sooner than any other of the nations that are sharing in this process of depletion. In 1914 the Germans were reaping the harvest of forty years of economic development and business enterprise. Property and plenty were new experiences, and a generation had grown up in whose world a sense of expansion and progress was normal. There existed amongst it no tradition of the great hardship of war, such as the French possessed, to steel its mind. It had none of the irrational mute toughness of the Russians and British. It was a sentimental people, making a habit of success; it rushed chanting to war against the most grimly heroic and the most stolidly enduring of races. Germany came into this war more buoyantly and confidently than any other combatant. It expected another 1871; at the utmost it anticipated a year of war.
Never were a people so disillusioned as the Germans must already be, never has a nation been called upon for so complete a mental readjustment. Neither conclusive victories nor defeats have been theirs, but only a slow, vast transition from joyful effort and an illusion of rapid triumph to hardship, loss and loss and loss of substance, the dwindling of great hopes, the realisation of ebb in the tide of national welfare. Now they must fight on against implacable, indomitable Allies. They are under stresses now as harsh at least as the stresses of France. And, compared with the French, the Germans are untempered steel.
We know little of the psychology of this new Germany that has come into being since 1871, but it is doubtful if it will accept defeat, and still more doubtful how it can evade some ending to the war that will admit the failure of all its great hopes of Paris subjugated, London humbled, Russia suppliant, Belgium conquered, the Near East a prey. Such an admission will be a day of reckoning that German Imperialism will postpone until the last hope of some breach among the Allies, some saving miracle in the old Eastern Empire, some dramatically-snatched victory at the eleventh hour, is gone.
Nor can the Pledged Allies consent to a peace that does not involve the evacuation and compensation of Belgium and Serbia, and at least the autonomy of the lost Rhine provinces of France. That is their very minimum. That, and the making of Germany so sick and weary of military adventure that the danger of German ambition will cease to overshadow European life. Those are the ends of the main war. Europe will go down through stage after stage of impoverishment and exhaustion until these ends are attained, or made for ever impossible.
But these things form only the main outline of a story with a vast amount of collateral interest. It is to these collateral issues that the amateur in prophecy must give his attention. It is here that the German will be induced by his Government to see his compensations. He will be consoled for the restoration of Serbia by the prospect of future conflicts between Italian and Jugoslav that will let him in again to the Adriatic. His attention will be directed to his newer, closer association with Bulgaria and Turkey. In those countries he will be told he may yet repeat the miracle of Hungary. And there may be also another Hungary in Poland. It will be whispered to him that he has really conquered those countries when indeed it is highly probable he has only spent his substance in setting up new assertive alien allies. The Kaiser, if he is not too afraid of the precedent of Sarajevo, may make a great entry into Constantinople, with an effect of conquering what is after all only a temporarily allied capital. The German will hope also to retain his fleet, and no peace, he will be reminded, can rob him of his hard-earned technical superiority in the air. The German air fleet of 1930 may yet be something as predominant as the British Navy of 1915, and capable of delivering a much more intimate blow. Had he not better wait for that? When such consolations as these become popular in the German Press we of the Pledged Allies may begin to talk of peace, for these will be its necessary heralds.
The concluding phase of a process of general