The Economic Consequences of the PeaceKeynes, John Maynard
History
The Economic Consequences of the Peace
Keynes, John Maynard
Economic history -- 1918-1945; Treaty of Versailles (1919 June 28); World War, 1914-1918 -- Economic aspects
against it owing to lack of food-stuffs.... It appears in the most
terrible forms, such as glandular tuberculosis, which turns into
purulent dissolution." The following is by a writer in the _Vossische
Zeitung_, June 5, 1919, who accompanied the Hoover Mission to the
Erzgebirge: "I visited large country districts where 90 per cent of all
the children were ricketty and where children of three years are only
beginning to walk.... Accompany me to a school in the Erzgebirge. You
think it is a kindergarten for the little ones. No, these are children
of seven and eight years. Tiny faces, with large dull eyes, overshadowed
by huge puffed, ricketty foreheads, their small arms just skin and bone,
and above the crooked legs with their dislocated joints the swollen,
pointed stomachs of the hunger œdema.... 'You see this child here,' the
physician in charge explained; 'it consumed an incredible amount of
bread, and yet did not get any stronger. I found out that it hid all the
bread it received underneath its straw mattress. The fear of hunger was
so deeply rooted in the child that it collected stores instead of eating
the food: a misguided animal instinct made the dread of hunger worse
than the actual pangs.'" Yet there are many persons apparently in whose
opinion justice requires that such beings should pay tribute until they
are forty or fifty years of age in relief of the British taxpayer.
CHAPTER VII
REMEDIES
It is difficult to maintain true perspective in large affairs. I have
criticized the work of Paris, and have depicted in somber colors the
condition and the prospects of Europe. This is one aspect of the
position and, I believe, a true one. But in so complex a phenomenon the
prognostics do not all point one way; and we may make the error of
expecting consequences to follow too swiftly and too inevitably from
what perhaps are not _all_ the relevant causes. The blackness of the
prospect itself leads us to doubt its accuracy; our imagination is
dulled rather than stimulated by too woeful a narration, and our minds
rebound from what is felt "too bad to be true." But before the reader
allows himself to be too much swayed by these natural reflections, and
before I lead him, as is the intention of this chapter, towards remedies
and ameliorations and the discovery of happier tendencies, let him
redress the balance of his thought by recalling two contrasts--England
and Russia, of which the one may encourage his optimism too much, but
the other should remind him that catastrophes can still happen, and
that modern society is not immune from the very greatest evils.
Public-domain text, read in full here on John Shaqi.
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