by From Lars Syll The treaty includes no provisions for the economic rehabilitation of Europe — nothing to make the defeated Central Empires into good neighbours, nothing to stabilize the new states of Europe … The Council of Four paid no attention to these issues … Reparation was their main excursion into the economic field, and they settled it as a problem of theology, of politics, of electoral chicane, from every point of view except that of the economic future of the states whose destiny they were handling … The danger confronting us, therefore, is the rapid depression of the standard of life of the European populations to a point which will mean actual starvation for some … And these in their distress may overturn the remnants of organization, and submerge civilization itself in
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Lars Pålsson Syll writes Cutting-edge macroeconomics …
from Lars Syll
The treaty includes no provisions for the economic rehabilitation of Europe — nothing to make the defeated Central Empires into good neighbours, nothing to stabilize the new states of Europe …
The Council of Four paid no attention to these issues … Reparation was their main excursion into the economic field, and they settled it as a problem of theology, of politics, of electoral chicane, from every point of view except that of the economic future of the states whose destiny they were handling …
The danger confronting us, therefore, is the rapid depression of the standard of life of the European populations to a point which will mean actual starvation for some … And these in their distress may overturn the remnants of organization, and submerge civilization itself in their attempts to satisfy desperately the overwhelming needs of the individual …
In a very short time, therefore, Germany will not be in a position to give bread and work to her numerous millions of inhabitants, who are prevented from earning their livelihood by navigation and trade … “We do not know, and indeed we doubt,” the Report concludes, “whether the delegates of the Allied and Associated Powers realize the inevitable consequences which will take place … Those who sign this treaty will sign the death sentence of many millions of German men, women, and children.”