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“German democracy is thus annihilated at the very moment when the German people was about to build it up after a severe struggle -- annihilated by the very persons who throughout the war never tired of maintaining that they sought to bring democracy to us... Germany is no longer a people and a state, but becomes a mere trade concern placed by its creditors in the hands of a receiver, without its being granted so much as the opportunity to prove its willingness to meet its obligations of its own accord. The commission, which is to have its permanent headquarters outside Germany, will possess in Germany incomparably greater rights than the German emperor ever possessed; the German people under its régime would remain for decades to come shorn of all rights, and deprived, to a far greater extent than any people in the days of absolutism, of any independence of action, of any individual aspiration in its economic or even in its ethical progress.”
-- German Financial Commission
