But why not? the dispassionate internationalist may ask. Why should not the Italian hotels be in the hands of Austrians, Germans, and Swiss; the new electrical developments be installed and run by Germans; the shops for tourists and Italians be owned by foreigners? There we cross the unconscious instinct of nationality, which cannot be ignored. Assuming that there is something precious, to be guarded as a chief treasure in the instinct of nationality, as I assume, there are grave dangers in too much friendly commercial "infiltration" from the outside. The indirect influences of commercial exploitation with foreign capital are the insidious, the dangerous ones. The dislike of the foreign trader, the foreign creditor, may voice itself crudely as mere envy, know-nothingism, but it has a healthy root in national self-preservation. For an Italian the German article should be undesirable, especially if its possession means accepting the German and his way of life along with his goods. The small merchant and the peasant express their resentments of foreign competition rawly, no doubt. Consciously it is half envy of the more efficient stranger. Unconsciously they are voicing the deep traditions of their ancestors, vindicating their race ideals, cherishing what is most enduring in themselves. They would not see their country given over to the stranger, whose life is not their life.
One unpleasant aspect of the commercial invasion of Italy by the Teuton was his liking to live there, and consequently the amount of real estate which he was collecting on the Latin peninsula--so much that the lovely environs of Naples were fast becoming a German principality! These invaders were not traders, nor workers, but capitalists and exploiters. The process is known now as "infiltration." The German had filtered into Italy in every possible way, was supplanting its own native life with the Teutonic thing, as it had in France so largely. Italy could well profit from that experience of its sister nation. The Germans who filtered into French life, commercial, industrial, social, were German first and last. When the crisis came they turned from their adopted land, where they had lived on terms of cordial hospitality for ten, twenty, thirty years, and took themselves back to Germany, in many cases to reappear as the invader at the head of armed troops. The experience of France proved that the peaceful German resident was a German all the years of his life, not a loyal, vital factor in his adopted country--too often something of a spy as well. Therefore Italy might well be disturbed over the presence of so much Teutonic "infiltration" in her own beloved land. And why should Germany call her ungrateful when she sought to rid herself of her unwelcome creditors? German capital had made its five per cent on its investments, and better: it should not expect to absorb the life of the nation also.