Movies as a Parallel University: The Case of Romantic Imperialism

When we think of romantic imperialism, we think of Rudyard Kipling’s poems, Winston Churchill’s The River War and perhaps Teddy Roosevelt’s macho “strenuous life” romanticized militarism (which the neocons somewhat knowingly aped to get the U.S. to invade Iraq in 2003). We should also recall British movie classics like The Four Feathers and “deflationary” versions of these jingoistic notions in The Man Who Would be King. During the 1930s, the Hungarian brothers Alexander & Zoltan Korda created many classic empire-celebration films in London, such as 1935’s Sanders of the River.

The Nigerian writer Chinua Achebe’s attack on Joseph Conrad’s Heart of Darkness as a kind of toxic “othering” of all Africans is a culmination of these imperial and anti-imperial tendencies.

Lastly, Maupassant’s classic Bel-Ami represents Algeria as a “colonial badlands” for French domination, killing, despoiling, profiteering, and later culminates in Meursault’s random murder of an Arab again in Algeria in Camus’ classic The Stranger. This literary concatenation also fits into this set of colonial imperial phenomena.

Niall Ferguson (the famous Harvard/Stanfordempire enthusiast”) finds his forerunner in the 1940 classic movie Beyond Tomorrow. The following “row” takes place on Christmas Eve between Chadwick (the Niall Ferguson imperialist) and Melton who sees empire as land-grabbing which you can dress up and prettify any way you like (“a grab is a grab,” he says):

Allan Chadwick: I tell you England’s territorial expansion had quite a different significance.

George Melton: No matter how thin you slice it, a grab is a grab.

Allan Chadwick: Grab?

That’s a specious term. England carried civilization into the wilderness. What was Australia before she redeemed it from the Aborigines?

Allan Chadwick: The truth is there isn’t an acre of the Empire that isn’t proud to fly the British flag.

The quick irritated exchange from Beyond Tomorrow is a good example of this eternal argument, allowing you to then “jump off” from this movie-as-university to do more exploring.

“The Parliament of Man, the Federation of the World”

A Visionary Line from Tennyson’s Poem

“Locksley Hall” by Alfred, Lord Tennyson

Among the most optimistic visions ever put in poems or speeches are these words from the poet Tennyson. The line from his poem, “Locksley Hall,” envisions “The Parliament of man, the Federation of the world” which remains a vision of human solidarity that haunts the imagination.

The larger couplet in the poem captures the idea of a post-violent and post-anarchic world:

“Till the war-drum throbb’d no longer, and the battle-flags were furl’d
In the Parliament of man, the Federation of the world.”

“Locksley Hall” (1835/1842)

Comrades, leave me here a little, while as yet’t is early morn:
Leave me here, and when you want me, sound upon the bugle-horn.

’T is the place, and all around it, as of old, the curlews call,
Dreary gleams about the moorland flying over Locksley Hall;

Locksley Hall, that in the distance overlooks the sandy tracts,
And the hollow ocean-ridges roaring into cataracts.

Many a night from yonder ivied casement, ere I went to rest,
Did I look on great Orion sloping slowly to the West.

Many a night I saw the Pleiads, rising thro’ the mellow shade,
Glitter like a swarm of fire-flies tangled in a silver braid.

Here about the beach I wander’d, nourishing a youth sublime
With the fairy tales of science, and the long result of Time;

When the centuries behind me like a fruitful land reposed;
When I clung to all the present for the promise that it closed:

When I dipt into the future far as human eye could see;
Saw the Vision of the world and all the wonder that would be.—

In the Spring a fuller crimson comes upon the robin’s breast;
In the Spring the wanton lapwing gets himself another crest;

In the Spring a livelier iris changes on the burnish’d dove;
In the Spring a young man’s fancy lightly turns to thoughts of love.

Then her cheek was pale and thinner than should be for one so young,
And her eyes on all my motions with a mute observance hung.

And I said, ”My cousin Amy, speak, and speak the truth to me,
Trust me, cousin, all the current of my being sets to thee.”

On her pallid cheek and forehead came a colour and a light,
As I have seen the rosy red flushing in the northern night.

And she turn’d—her bosom shaken with a sudden storm of sighs—
All the spirit deeply dawning in the dark of hazel eyes—

Saying, ”I have hid my feelings, fearing they should do me wrong”;
Saying, ”Dost thou love me, cousin?” weeping, ”I have loved thee long.”

Love took up the glass of Time, and turn’d it in his glowing hands;
Every moment, lightly shaken, ran itself in golden sands.

Love took up the harp of Life, and smote on all the chords with might;
Smote the chord of Self, that, trembling, pass’d in music out of sight.

Many a morning on the moorland did we hear the copses ring,
And her whisper throng’d my pulses with the fulness of the Spring.

Many an evening by the waters did we watch the stately ships,
And our spirits rush’d together at the touching of the lips.

O my cousin, shallow-hearted! O my Amy, mine no more!
O the dreary, dreary moorland! O the barren, barren shore!

Falser than all fancy fathoms, falser than all songs have sung,
Puppet to a father’s threat, and servile to a shrewish tongue!

Is it well to wish thee happy?—having known me—to decline
On a range of lower feelings and a narrower heart than mine!

Yet it shall be; thou shalt lower to his level day by day,
What is fine within thee growing coarse to sympathize with clay.

As the husband is, the wife is: thou art mated with a clown,
And the grossness of his nature will have weight to drag thee down.

He will hold thee, when his passion shall have spent its novel force,
Something better than his dog, a little dearer than his horse.

What is this? his eyes are heavy; think not they are glazed with wine.
Go to him, it is thy duty, kiss him, take his hand in thine.

It may be my lord is weary, that his brain is overwrought:
Soothe him with thy finer fancies, touch him with thy lighter thought.

He will answer to the purpose, easy things to understand—
Better thou wert dead before me, tho’ I slew thee with my hand!

Better thou and I were lying, hidden from the heart’s disgrace,
Roll’d in one another’s arms, and silent in a last embrace.

Cursed be the social wants that sin against the strength of youth!
Cursed be the social lies that warp us from the living truth!

Cursed be the sickly forms that err from honest Nature’s rule!
Cursed be the gold that gilds the straiten’d forehead of the fool!

Well—’t is well that I should bluster!—Hadst thou less unworthy proved—
Would to God—for I had loved thee more than ever wife was loved.

Am I mad, that I should cherish that which bears but bitter fruit?
I will pluck it from my bosom, tho’ my heart be at the root.

Never, tho’ my mortal summers to such length of years should come
As the many-winter’d crow that leads the clanging rookery home.

Where is comfort? in division of the records of the mind?
Can I part her from herself, and love her, as I knew her, kind?

I remember one that perish’d; sweetly did she speak and move;
Such a one do I remember, whom to look at was to love.

Can I think of her as dead, and love her for the love she bore?
No—she never loved me truly; love is love for evermore.

Comfort? comfort scorn’d of devils! this is truth the poet sings,
That a sorrow’s crown of sorrow is remembering happier things.

Drug thy memories, lest thou learn it, lest thy heart be put to proof,
In the dead unhappy night, and when the rain is on the roof.

Like a dog, he hunts in dreams, and thou art staring at the wall,
Where the dying night-lamp flickers, and the shadows rise and fall.

Then a hand shall pass before thee, pointing to his drunken sleep,
To thy widow’d marriage-pillows, to the tears that thou wilt weep.

Thou shalt hear the ”Never, never,” whisper’d by the phantom years,
And a song from out the distance in the ringing of thine ears;

And an eye shall vex thee, looking ancient kindness on thy pain.
Turn thee, turn thee on thy pillow; get thee to thy rest again.

Nay, but Nature brings thee solace; for a tender voice will cry.
’T is a purer life than thine, a lip to drain thy trouble dry.

Baby lips will laugh me down; my latest rival brings thee rest.
Baby fingers, waxen touches, press me from the mother’s breast.

O, the child too clothes the father with a dearness not his due.
Half is thine and half is his: it will be worthy of the two.

O, I see thee old and formal, fitted to thy petty part,
With a little hoard of maxims preaching down a daughter’s heart.

“They were dangerous guides the feelings—she herself was not exempt—
Truly, she herself had suffer’d”—Perish in thy self-contempt!

Overlive it—lower yet—be happy! wherefore should I care?
I myself must mix with action, lest I wither by despair.

What is that which I should turn to, lighting upon days like these?
Every door is barr’d with gold, and opens but to golden keys.

Every gate is throng’d with suitors, all the markets overflow.
I have but an angry fancy; what is that which I should do?

I had been content to perish, falling on the foeman’s ground,
When the ranks are roll’d in vapour, and the winds are laid with sound.

But the jingling of the guinea helps the hurt that Honour feels,
And the nations do but murmur, snarling at each other’s heels.

Can I but relive in sadness? I will turn that earlier page.
Hide me from my deep emotion, O thou wondrous Mother-Age!

Make me feel the wild pulsation that I felt before the strife,
When I heard my days before me, and the tumult of my life;

Yearning for the large excitement that the coming years would yield,
Eager-hearted as a boy when first he leaves his father’s field,

And at night along the dusky highway near and nearer drawn,
Sees in heaven the light of London flaring like a dreary dawn;

And his spirit leaps within him to be gone before him then,
Underneath the light he looks at, in among the throngs of men:

Men, my brothers, men the workers, ever reaping something new:
That which they have done but earnest of the things that they shall do:

For I dipt into the future, far as human eye could see,
Saw the Vision of the world, and all the wonder that would be;

Saw the heavens fill with commerce, argosies of magic sails,
Pilots of the purple twilight dropping down with costly bales;

Heard the heavens fill with shouting, and there rain’d a ghastly dew
From the nations’ airy navies grappling in the central blue;

Far along the world-wide whisper of the south-wind rushing warm,
With the standards of the peoples plunging thro’ the thunder-storm;

Till the war-drum throbb’d no longer, and the battle-flags were furl’d
In the Parliament of man, the Federation of the world.

There the common sense of most shall hold a fretful realm in awe,
And the kindly earth shall slumber, lapt in universal law.

So I triumph’d ere my passion sweeping thro’ me left me dry,
Left me with the palsied heart, and left me with the jaundiced eye;

Eye, to which all order festers, all things here are out of joint:
Science moves, but slowly, slowly, creeping on from point to point:

Slowly comes a hungry people, as a lion, creeping nigher,
Glares at one that nods and winks behind a slowly-dying fire.

Yet I doubt not thro’ the ages one increasing purpose runs,
And the thoughts of men are widen’d with the process of the suns.

What is that to him that reaps not harvest of his youthful joys,
Tho’ the deep heart of existence beat for ever like a boy’s?

Knowledge comes, but wisdom lingers, and I linger on the shore,
And the individual withers, and the world is more and more.

Knowledge comes, but wisdom lingers, and he bears a laden breast,
Full of sad experience, moving toward the stillness of his rest.

Hark, my merry comrades call me, sounding on the bugle-horn,
They to whom my foolish passion were a target for their scorn:

Shall it not be scorn to me to harp on such a moulder’d string?
I am shamed thro’ all my nature to have loved so slight a thing.

Weakness to be wroth with weakness! woman’s pleasure, woman’s pain—
Nature made them blinder motions bounded in a shallower brain:

Woman is the lesser man, and all thy passions, match’d with mine,
Are as moonlight unto sunlight, and as water unto wine—

Here at least, where nature sickens, nothing. Ah, for some retreat
Deep in yonder shining Orient, where my life began to beat;

Where in wild Mahratta-battle fell my father evil-starr’d,—
I was left a trampled orphan, and a selfish uncle’s ward.

Or to burst all links of habit—there to wander far away,
On from island unto island at the gateways of the day.

Larger constellations burning, mellow moons and happy skies,
Breadths of tropic shade and palms in cluster, knots of Paradise.

Never comes the trader, never floats an European flag,
Slides the bird o’er lustrous woodland, swings the trailer from the crag;

Droops the heavy-blossom’d bower, hangs the heavy-fruited tree—
Summer isles of Eden lying in dark-purple spheres of sea.

There methinks would be enjoyment more than in this march of mind,
In the steamship, in the railway, in the thoughts that shake mankind.

There the passions cramp’d no longer shall have scope and breathing space;
I will take some savage woman, she shall rear my dusky race.

Iron-jointed, supple-sinew’d, they shall dive, and they shall run,
Catch the wild goat by the hair, and hurl their lances in the sun;

Whistle back the parrot’s call, and leap the rainbows of the brooks,
Not with blinded eyesight poring over miserable books—

Fool, again the dream, the fancy! but I know my words are wild,
But I count the gray barbarian lower than the Christian child.

I, to herd with narrow foreheads, vacant of our glorious gains,
Like a beast with lower pleasures, like a beast with lower pains!

Mated with a squalid savage—what to me were sun or clime?
I the heir of all the ages, in the foremost files of time—

I that rather held it better men should perish one by one,
Than that earth should stand at gaze like Joshua’s moon in Ajalon!

Not in vain the distance beacons. Forward, forward let us range,
Let the great world spin for ever down the ringing grooves of change.

Thro’ the shadow of the globe we sweep into the younger day;
Better fifty years of Europe than a cycle of Cathay.

Mother-Age (for mine I knew not) help me as when life begun:
Rift the hills, and roll the waters, flash the lightnings, weigh the Sun.

O, I see the crescent promise of my spirit hath not set.
Ancient founts of inspiration well thro’ all my fancy yet.

Howsoever these things be, a long farewell to Locksley Hall!
Now for me the woods may wither, now for me the roof-tree fall.

Comes a vapour from the margin, blackening over heath and holt,
Cramming all the blast before it, in its breast a thunderbolt.

Let it fall on Locksley Hall, with rain or hail, or fire or snow;
For the mighty wind arises, roaring seaward, and I go.

Cultural Influence

The historian Arthur Schlesinger Jr., writing in The Wall Street Journal, quoted the poem to illustrate “a noble dream” that modern US policy decisions may have been neglecting, and he also stated that Winston Churchill considered it “the most wonderful of modern prophecies” and Harry S. Truman carried the words in his wallet.

Lord Tennyson wrote a sequel to “Locksley Hall” in 1886, “Locksley Hall Sixty Years After” [PDF]. In the sequel Tennyson describes how the industrialized nature of Britain has failed to fulfill the expectations of the poem of 1842.

A line in “Locksley Hall” would inspire the title of the historian Paul Kennedy’s 2006 book on the United NationsThe Parliament of Man: The Past, Present, and Future of the United Nations.

In a scene from the American film Marathon Man, graduate student Thomas “Babe” Levy (portrayed by actor Dustin Hoffman) attends an exclusive seminar at Columbia University. During the seminar, his irritable professor, played by Fritz Weaver, quotes the line “Let us hush this cry of ‘Forward’ till ten thousand years have gone” from “Locksley Hall Sixty Years After” [PDF] and then asks if anyone recognizes it. Hoffman’s character is the only one who does (he writes down the title in his notes) but does not reveal this to the class. The professor calls him out on this after dismissing the other students.

In the television program Star Trek: Voyager, the dedication plaque of the USS Voyager quotes from the poem: “For I dipt in to the future, far as human eye could see; Saw the vision of the world, and all the wonder that would be.”

“Locksley Hall” is also the source of the title of Colum McCann’s 2009 novel, Let the Great World Spin.

Also, it includes one of the most famous lines in all of English poetry, the last of the following four, albeit very few are aware of the poem whence it came, and it is often, perhaps usually, misquoted:

In the spring a fuller crimson comes upon the robin’s breast
In the spring the wanton lapwing gets himself another crest

In the spring a livelier iris changes on the burnished dove
In the spring a young man’s fancy lightly turns to thoughts of love.

James Thurber illustrated this poem for Fables for Our Time and Famous Poems Illustrated.

Elizabeth Gaskell mentions the poem in her 1853 novel Cranford. Lines from it are quoted in the 2007 adaptation of the novel.

(Wikipedia)

Alfred, Lord Tennyson, 1st Baron Tennyson FRS was an English poet. He was the Poet Laureate during much of Queen Victoria’s reign and remains one of the most popular British poets. In 1829, Tennyson was awarded the Chancellor’s Gold Medal at Cambridge for one of his first pieces, “Timbuctoo” [PDF, now more commonly written “Timbuktu”].

Born: August 6, 1809, Somersby, United Kingdom
Died: October 6, 1892, Lurgashall, United Kingdom

Some Historical Notes on the Three Quests of China: Dignity, Stability, Understanding

Dignity Quest

In “The Philosopher,” a chapter in the 1922 travel book On a Chinese Screen, W. Somerset Maugham comments, “He was the greatest authority in China on Confucian learning.”

The philosopher mentioned above tells Maugham: 

“I took the Ph.D. in Berlin, you know,” he said.  “And afterwards I studied in Oxford.   …  But his study of Western philosophy had only served in the end to satisfy him that wisdom after all was to be found within the limits of the Confucian canon.  He accepted its philosophy with conviction.  If Confucianism gained so firm a hold on the Chinese it is because it explained and expressed them as no other system of thought could do.  He loathed the modern cry for individualism.  For him society was the unit, and the family the foundation of society.  He upheld the old China and the old school, monarchy, and the rigid canon of Confucius.  He grew violent and bitter as he spoke of the students fresh from foreign universities, who with sacrilegious hands tore down the oldest civilization in the world. ”

“But you, do you know what you are doing?” he exclaimed. “What is the reason for which you deem yourselves our betters? Have you excelled us in arts or letters? Have our thinkers been less profound than yours? Has our civilization been less elaborate, less complicated, less refined than yours? Why, when you lived in caves and clothed yourselves with skins we were a cultured people. Do you know that we tried an experiment which is unique in the history of the world? We sought to rule this great country not by force, but by wisdom. And for centuries we succeeded. Then why does the white man despise the yellow? Shall I tell you? Because he has invented the machine gun. That is your superiority. We are a defenseless horde and you can blow us into eternity. You have shattered the dream of our philosophers that the world could be governed by the power of law and order. And now you are teaching our young men your secret. You have thrust your hideous inventions upon us. Do you not know that we have a genius for mechanics? Do you not know that there are in this country four hundred millions of the most practical and industrious people in the world? Do you think it will take us long to learn? And what will become of your superiority when the yellow man can make as good guns as the white and fire them as straight? You have appealed to the machine gun and by the machine gun shall you be judged.”

Stability Quest

  1. The decade of the 1850s gives a most revealing picture of the Chinese sense of things falling apart.  The Taiping Rebellion, convulsed China in the 1850s. It was a utopian movement which wants to go backwards and forwards at the same time and arrive at a historical paradise.

  2. From 1859-1860, the Second Opium War racks China. The British extract more concessions from the Chinese by the Treaty of Tientsin, a tremendous new humiliation for the Chinese. As part of Britishshock and awe” of that time the Summer Palace in Beijing is burned down.

  3. In Chinese society, to add to this misery, there is a tremendous conflict in China between the Hakka (客家, “Guest People”) with the Punti (本地, “Native/Original People”) called the HakkaPunti conflict, and is referred to in the movie The Hawaiians, based on the James Michener novel.

  4. All of this Chinese turmoil and national weakness is itself taking place in a global context that is threatening. Commodore Perry and his “Black Ships” sail into Edo Bay (now Tokyo Bay) in 1853, to dictate terms to the Japanese which amount to “trade or die” (an Americanshock and awe”).

  5. In 1857-1858, India convulses with the Indian Mutiny, which has been described as the opening chapter of the Indian Independence Movement. The Indian Mutiny, also known as the Sepoy Mutiny, was put down with shocking brutality. The Chinese watching the event, feel rage about the insouciant attitude of Westerners towards non-Western people.(A recent masterpiece Human Smoke by Nicholson Baker shows you the same insouciant attitude in the Bengal Famine of the 1940s and with Churchill’s dismissive comments about the human misery.) The Chinese who were studying news reports coming out of India suddenly learnt that control of India in 1858 was transferred permanently from the East India Company to the Crown, showing that the British could change the rules of the game at will.

  6. In the 19th century Chinese and Japanese thinkers came up with two definitive slogans, which they used to orient themselves.

    Slogan One

    “Western Technology, Eastern Ethics.” What is the balance point between West and the East? Xi Jinping (习近平) is also trying to find a balance. How American must a Chinese Silicon Valley have to be?

    Slogan Two

    “Rich Country, Strong Army.” How fast could China become a rich country with a strong army, without provoking a global backlash—think Chinese leaders since Mao.

  7. Certain opaque and chaotic phenomena in Chinese history haunt the Chinese mind. Mao was reading Chinese historians all his life to try to understand these phenomena. Chinese schoolboys are trying to understand the rebellion called the An Lu-Shan (安禄山) of 755-763, which takes place in the middle of the Tang Dynasty and plunges China into chaos. Leaders, scholars and schoolchildren of China want to decipher the events of this very classic rebellion in Chinese history and to understand what they are always trying to understand: how things go bad. An Lu-Shan was of Turkish and Sogdian origins, which created another kind of nervousness: turmoil in China coming from non-Chinese ethnic groups. Chinese brutality toward both the Tibetans and the Muslims within China echo these anxieties. This classical rebellion is interpreted by Chinese as the beginning of the end of the Tang Dynasty, the first Chinese Golden Age. China’s preoccupation with stability comes from its insecurity about national turmoil such as the An Lu-Shan Rebellion case, which could merge with foreign threats creating a nightmare for China.

  8. China was conquered by the Mongols who created the Yuan Dynasty circa 1300 A.D. China was conquered by the Manchus from 1644-1911. The Japanese assaulted China in the 1930s. Europeans colonized and broke China into pieces in the 19th century. The ultimate symbol of China’s defeat was the two Opium Wars—1839 and 1859—by the British. The tremendous humiliation suffered by the Chinese is masterfully conveyed by Arthur Waley’s classic book, The Opium War Through Chinese Eyes.

Quest to Understand

China and Charles Darwin, by James Pusey, captures the perplexity of the Western intellectual impact on China in the last few lines of the book. “But Charles Darwin honestly entered those mixtures in Chinese heads and made them different. So his influence was real. Chinese of course confused Darwin’s ideas and were confused by them, and of course they got confused in Chinese directions, but small wonder. Every people has gotten confused. For the fact of the matter is, when all is said and done, that no one knows what to make of evolution.”

Many Western ideas and philosophies are troubling and destabilizing for the Chinese such as, individualism before society and family; marriage based on romantic love alone; a society based on innovate-or-die.

The Chinese quest for such modes of stability has a perennial quality.

Essay 79: Past and Present Thinking

History is “forever new” and we keep asking “what’s new?” but the past is “forever suggestive” and so we inquire here as to whether the past gives us interesting echoes of the more recent.

Specifically, we juxtapose the “closing of the gold window” in August 1971 (Nixon) and the British gold standard gyrations between 1925 and 1931, when England left gold (i.e., September 1931).

At the time, under Nixon, the U.S. also had an unemployment rate of 6.1% (August 1971) and an inflation rate of 5.84% (1971).

To combat these problems, President Nixon consulted Federal Reserve chairman Arthur Burns, incoming Treasury Secretary John Connally, and then Undersecretary for International Monetary Affairs and future Fed Chairman Paul Volcker.

On the afternoon of Friday, August 13, 1971, these officials along with twelve other high-ranking White House and Treasury advisors met secretly with Nixon at Camp David. There was great debate about what Nixon should do, but ultimately Nixon, relying heavily on the advice of the self-confident Connally, decided to break up Bretton Woods by announcing the following actions on August 15:

Speaking on television on Sunday, August 15, when American financial markets were closed, Nixon said the following:

“The third indispensable element in building the new prosperity is closely related to creating new jobs and halting inflation. We must protect the position of the American dollar as a pillar of monetary stability around the world.

“In the past 7 years, there has been an average of one international monetary crisis every year …

“I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interest of monetary stability and in the best interests of the United States.

“Now, what is this action—which is very technical—what does it mean for you?

“Let me lay to rest the bugaboo of what is called devaluation.

“If you want to buy a foreign car or take a trip abroad, market conditions may cause your dollar to buy slightly less. But if you are among the overwhelming majority of Americans who buy American-made products in America, your dollar will be worth just as much tomorrow as it is today.

“The effect of this action, in other words, will be to stabilize the dollar.”

Britain’s own experience in the twenties is explained like this:

“In 1925, Britain had returned to the gold standard.

(editor: This Churchill decision was deeply critiqued by Keynes.)

“When Labour came to power in May 1929 this was in good time for Black Friday on Wall Street in the following October.

“After the Austrian and German crashes in May and July 1931, Britain’s financial position became critical, and on 21st September she abandoned the gold standard.

London was still the world’s financial capital in 1931, and the British abandonment of the gold standard set off a chain of reactions throughout the world.

“Strangely enough Germany and Austria maintained the gold standard…”

(Europe of the Dictators, Elizabeth Wiskemann, Fontana/Collins, 1977, page 92-93)

Nixon’s policies gave us the demise of Bretton Woods, while the economic gyrations of 1925-1931 were part of the lead-up to World War II.

The setting is both “infinitely different” across the decades but the feeling of “flying blind” applies to both cases: U.S.A. “closing the gold window,” August 1971 and Britain’s overturning Churchill’s 1925 return to the gold standard, by 1931. One gets the sense of “concealed turmoil” and a lot of “winging it” in both cases. Policy-makers disagreed and they all saw the world of their moments “through a glass, darkly.”