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
Instead of giving Danzig to Poland, the Treaty establishes Danzig as a
"Free" City, but includes this "Free" City within the Polish Customs
frontier, entrusts to Poland the control of the river and railway
system, and provides that "the Polish Government shall undertake the
conduct of the foreign relations of the Free City of Danzig as well as
the diplomatic protection of citizens of that city when abroad."
In placing the river system of Germany under foreign control, the Treaty
speaks of declaring international those "river systems which naturally
provide more than one State with access to the sea, with or without
transhipment from one vessel to another."
Such instances could be multiplied. The honest and intelligible purpose
of French policy, to limit the population of Germany and weaken her
economic system, is clothed, for the President's sake, in the august
language of freedom and international equality.
But perhaps the most decisive moment, in the disintegration of the
President's moral position and the clouding of his mind, was when at
last, to the dismay of his advisers, he allowed himself to be persuaded
that the expenditure of the Allied Governments on pensions and
separation allowances could be fairly regarded as "damage done to the
civilian population of the Allied and Associated Powers by German
aggression by land, by sea, and from the air," in a sense in which the
other expenses of the war could not be so regarded. It was a long
theological struggle in which, after the rejection of many different
arguments, the President finally capitulated before a masterpiece of the
sophist's art.
At last the work was finished; and the President's conscience was still
intact. In spite of everything, I believe that his temperament allowed
him to leave Paris a really sincere man; and it is probable that to this
day he is genuinely convinced that the Treaty contains practically
nothing inconsistent with his former professions.
But the work was too complete, and to this was due the last tragic
episode of the drama. The reply of Brockdorff-Rantzau inevitably took
the line that Germany had laid down her arms on the basis of certain
assurances, and that the Treaty in many particulars was not consistent
with these assurances. But this was exactly what the President could not
admit; in the sweat of solitary contemplation and with prayers to God
he had done _nothing_ that was not just and right; for the President to
admit that the German reply had force in it was to destroy his
self-respect and to disrupt the inner equipoise of his soul; and every
instinct of his stubborn nature rose in self-protection. In the language
of medical psychology, to suggest to the President that the Treaty was
an abandonment of his professions was to touch on the raw a Freudian
complex. It was a subject intolerable to discuss, and every subconscious
instinct plotted to defeat its further exploration.
Public-domain text, read in full here on John Shaqi.
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