Book contents
- Frontmatter
- Contents
- General Introduction
- Editorial Foreword
- Preface
- Introduction to New Edition
- Notes on Further Reading
- Corrections to this Edition
- I THE TREATY OF PEACE
- 1 PARIS (1919)
- 2 THE CAPACITY OF GERMANY TO PAY REPARATIONS (1919)
- 3 PROPOSALS FOR THE RECONSTRUCTION OF EUROPE (1919)
- 4 THE CHANGE OF OPINION (1921)
- 5 WAR DEBTS AND THE UNITED STATES (1921, 1925, 1928)
- II INFLATION AND DEFLATION
- III THE RETURN TO THE GOLD STANDARD
- IV POLITICS
- V THE FUTURE
- VI LATER ESSAYS
- Index
4 - THE CHANGE OF OPINION (1921)
from I - THE TREATY OF PEACE
Published online by Cambridge University Press: 05 November 2012
- Frontmatter
- Contents
- General Introduction
- Editorial Foreword
- Preface
- Introduction to New Edition
- Notes on Further Reading
- Corrections to this Edition
- I THE TREATY OF PEACE
- 1 PARIS (1919)
- 2 THE CAPACITY OF GERMANY TO PAY REPARATIONS (1919)
- 3 PROPOSALS FOR THE RECONSTRUCTION OF EUROPE (1919)
- 4 THE CHANGE OF OPINION (1921)
- 5 WAR DEBTS AND THE UNITED STATES (1921, 1925, 1928)
- II INFLATION AND DEFLATION
- III THE RETURN TO THE GOLD STANDARD
- IV POLITICS
- V THE FUTURE
- VI LATER ESSAYS
- Index
Summary
From A Revision of the Treaty (1922), chapter 1, ‘The State of Opinion’.
It is the method of modern statesmen to talk as much folly as the public demand and to practise no more of it than is compatible with what they have said, trusting that such folly in action as must wait on folly in word will soon disclose itself as such, and furnish an opportunity for slipping back into wisdom—the Montessori system for the child, the public. He who contradicts this child will soon give place to other tutors. Praise, therefore, the beauty of the flames he wishes to touch, the music of the breaking toy; even urge him forward; yet waiting with vigilant care, the wise and kindly saviour of society, for the right moment to snatch him back, just singed and now attentive.
I can conceive for this terrifying statesmanship a plausible defence. Mr Lloyd George took the responsibility for a Treaty of Peace, which was not wise, which was partly impossible, and which endangered the life of Europe. He may defend himself by saying that he knew that it was not wise and was partly impossible and endangered the life of Europe; but that public passions and public ignorance play a part in the world of which he who aspires to lead a democracy must take account; that the Peace at Versailles was the best momentary settlement which the demands of the mob and the characters of the chief actors conjoined to permit; and for the life of Europe, that he has spent his skill and strength for two years in avoiding or moderating the dangers.
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- Information
- The Collected Writings of John Maynard Keynes , pp. 33 - 36Publisher: Royal Economic SocietyPrint publication year: 1978