A Revision of the Treaty: Being a Sequel to The Economic Consequence of the PeaceKeynes, John Maynard
History
A Revision of the Treaty: Being a Sequel to The Economic Consequence of the Peace
Keynes, John Maynard
Treaty of Versailles (1919 June 28); World War, 1914-1918 -- Reparations
But there is a further complication. In England (and perhaps elsewhere
also), there are _two_ outside opinions, that which is expressed in the
newspapers and that which the mass of ordinary men privately suspect to
be true. These two degrees of the outside opinion are much nearer to
one another than they are to the inside, and under some aspects they
are identical; yet there is under the surface a real difference between
the dogmatism and definiteness of the press and the living, indefinite
belief of the individual man. I fancy that even in 1919 the average
Englishman never really believed in the indemnity; he took it always
with a grain of salt, with a measure of intellectual doubt. But it
seemed to him that for the time being there could be little practical
harm in going on the indemnity tack, and also that, in relation to
his feelings at that time, a belief in the possibility of boundless
payments by Germany was in better sentiment, even if less true, than
the contrary. Thus the recent modification in British outside opinion
is only partly intellectual, and is due rather to changed conditions;
for it is seen that perseverance with the indemnity does now involve
practical harm, whilst the claims of sentiment are no longer so
decisive. He is therefore prepared to attend to arguments, of which he
had always been aware out of the corner of his eye.
Foreign observers are apt to heed too little these unspoken
sensibilities, which the voice of the press is bound to express
ultimately. Inside opinion gradually affects them by percolating to
wider and wider circles; and they are susceptible in time to argument,
common sense, or self–interest. It is the business of the modern
politician to be accurately aware of all three degrees; he must have
enough intellect to understand the inside opinion, enough sympathy to
detect the inner outside opinion, and enough brass to express the outer
outside opinion.
Whether this account is true or fanciful, there can be no doubt as
to the immense change in public sentiment over the past two years.
The desire for a quiet life, for reduced commitments, for comfortable
terms with our neighbors is now paramount. The megalomania of war has
passed away, and every one wishes to conform himself with the facts.
For these reasons the Reparation Chapter of the Treaty of Versailles is
crumbling. There is little prospect now of the disastrous consequences
of its fulfilment.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account