25 SEPTEMBER 1936, Page 38

THE PROFITS OF WAR

Current Literature • *V By Richard Levrinsohn attlick-C an armament:" manufacturers which its titre- this very interesting book (Routledge; /0s. 6d.) the suggistbut a histOrieal :survey of' the forms of profit. liaVe7,fietrned throu0'-war to different groups of rnen—seers,-7- finaneie. aorta/lie 'fortis, cOritrieteas, and speeaido44 "t43 Ato**-ifitnidiesiiy for isepetroftw., Mr7.teWinsohn as to.sAlejtove inereas '"^"ftidhe41- he 4311011kitlir eiAf4enth eentu Iteatestlamfdn.:k war Ito .fall ther. earlier times enrkihiq theinseliSint/M *vise of their campaigns, latelt liagorne ,uities from the govirhoieW4 emPlayed Ciesar , PizarrO•rfare't., ertiirtekit7.m' iniples Of those -Nao wo t ieir foiftWnes for se g'.OS. -,!---Maitliorough! and Nikiiog;iiii'S`Marshig- Cif thiisel!Who had khein—awaidecl-tn.tliern."Okrfrorti the time of Witegiii, t 40/4iei had to talie`sieraidlihicelp.the.arias-mantairetsiif and sin 'th': eburse, of trie; iihteteenth century the great 'inter-' national dins; suer aSlErit-Pf4 SkOda, Sihnei&r, and Weliers, gained eiirk.i..i.,09:7*Offikfjillt teiv ofl:thein were able to survive -thetienneme:, choos.,:whiehwf011owed the Great Viral., and the mple--Wgia- now ..staqd -to "make most, ut of warfare are the contraeterSrana''fatnnikke of sum &mg/tithes as oil, clothing- arid tile deman l_ •.felt is immensely ineriasecr --out, it is this develdPment Makes almost impossible form of eOntiof desige'la elnte Wai:PrOfiteerne short of identifying made during a war with profits'made out of

war,' and Nalidding both. Lewinsuhn has an interesting section on Financiers and shows-, that --it is only: colonial expeditions, or wars between small countries, which can now offer bankers the opportunities for enrichment which they once enjoyed : the cost of war when any of the Great Powers is involved is far too high for even 'a group of banks to be capable of coping with it.