The international situation is becoming increasingly clear and increasingly menacing. Both belligerent coalitions have latterly revealed the imperialist nature of the war in a very striking way. The more assiduously the capitalist governments and the bourgeois and socialist pacifists spread their empty, lying pacifist phrases—the talk of a democratic peace, a peace without annexations, etc.—the sooner are they exposed. Germany is crushing several small nations under her iron heel with the very evident determination not to give up her booty except by exchanging part of it for enormous colonial possessions, and she is using hypocritical pacifist phrases as a cover for her readiness to conclude an immediate imperialist peace.