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Other countries didn’t exactly stay out of their business - the WW1 allies were demanding unsustainably large war reparations paid in gold, rather than a curren
by ericd 2y ago
Other countries didn’t exactly stay out of their business - the WW1 allies were demanding unsustainably large war reparations paid in gold, rather than a currency they had control over the supply of. My understanding is that this directly led to their hyperinflation, massive amounts of resentment, and the eventual fall of the Weimar Republic. And everyone knows the rest.
- shadowgovt 2y agoCorrect. But that's my point. "Here's the obligations, sort out how to meet them yourselves" was the old model. It doesn't work out. And no obligations is impossible in an increasingly interconnected world.
- ericd 2y agoAh I see, you meant that the other governments weren't being considerate of the consequences of selfish demands and it ended badly.
- shadowgovt 2y agoRight. *let whatever emerges from the chaos develop on its own" is an opportunity that strongmen have exploited over and over again.