一、列强投资竞争的真面目从经济方面来分析太平洋问题,除开市场问题而外,列强的投资竞争也是而且更是值得研究的一个问题。为了便于对这问题的了解起见,我们不妨先就帝国主义列强输出资本的意义来解释一帝国主义者输出资本的意义,主要的有三点。第一是要替国内过剩的资本找寻出路:一般说来,资本主义发展到某一阶段的时候,工业资本就会与银行资本并合而为一。这就是说,过去单是银行家的现在同时也是企业家了。不但如此,这种银 I. The True Face of Investment Competition by Powers In analyzing the Pacific issue economically, apart from the issue of markets, the investment competition among the powers is also and deserves more study. In order to facilitate understanding of this issue, let us first explain the significance of the output of capital by one imperialist country on the significance of the capital output by the imperialist powers. There are three main points. The first is to find a way out for the excess domestic capital: In general, when capitalism reaches a certain stage, industrial capital will be combined with bank capital. This means that in the past, the only banker now is also an entrepreneur. Not only that, this silver