- Alan Woods
Somebody once said to Lenin war is terrible, to which he replied: “yes, terribly profitable.” The European war suited the American industrialists rather well. Capitalism in the USA had developed with whirlwind speed in the last decades of the 19th century. At the beginning of the war in Europe America was already a powerful young nation with a mighty industrial base. In this war it played the role of chief usurer and quartermaster to the European belligerents.