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Show i Great Powers No Longer Regard Colonies m i the Light of Assets . j By DR. MORITZ J. BONN, German Economist. EUROPE is undergoing a change in its colonial policies. Jhe of colonial imperialism is coming to an end, and the u is now realizing that the enormous expense and political dangers incurred by the possession of colonial outposts are not wortn while. The strain of colonial effort today is far greater than it was in past. The high rate of interest demanded by capitalists for the exploitation ex-ploitation of these colonies makes their development difficult, ana political position may at any time prove a liability. The counter-colonial current is evident even within the borders of Europe itself. The old Austro-IIungarian government was nothing but a group of colonies governed by a small central power. After the war the allies dismembered that empire and granted autonomy to the separate national units that composed the old state. . Even in the United States present-day thought is agamst colonization. coloniza-tion. The most liberal and the most reactionary wings of public opinion do not desire the permanent retention of the Philippines, for example. And the Immigration act, to go one step further., is the ofhcial recognition recogni-tion by the government that this country no longer wishes European I colonists. |