Nearly every country in the world is now becoming industrialized as rapidly as it can.

Measured in time of transport and communication, the whole round globe is now smaller than a small European country was a hundred years ago.

Our civilization is now in the transition stage between the age of warring empires and a new age of world unity and peace.

We are now physically, politically, and economically one world and nations so interdependent that the absolute national sovereignty of nations is no longer possible.

After the First World War the economic problem was no longer one of production. It was the problem of finding markets to get the output of industry and agriculture dispersed and consumed.

There can be no peace in the world so long as a large proportion of the population lack the necessities of life and believe that a change of the political and economic system will make them available. World peace must be based on world plenty.