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The New Zealand Railways Magazine, Volume 5, Issue 9 (April 1, 1931)

Danger of a Divorce

Danger of a Divorce.

The economic crisis precipitated by the war debts and by the deflationary policy adopted by the gold world, having caused forced marriage of politics and economics, may go farther and cause a violent divorce of the contracting parties, unless the overhead pressure can be reduced by international action or otherwise. Whether the immediate events threaten divorce, as in Australia, or the continuance of strained matrimonial relations as in Britain, the moral lesson is the same—a paramount need of a settlement that will be more than Empire-wide and more than nation-wide. Under threat of losing its economic bearings, will the world be forced into a new basis of political-financial compromise? That seems to be the outstanding question of 1931.