British bankers lectured that state authority and thrift alone could save nations

Evidence

Th e chairman of the bank, Beaumont Pease, reported that “Nothing but a return to loft y ideals, to the highest conception of State authority, to stern civic discipline and selfsacrifi ce, to strenuous work and thrift , could save the nation from complete moral and economic disruption” (“Th e British Italian Banking Corporation, Limited,” Economist, March 22, 1924, 640ff .) — Clara E. Mattei, The Capital Order, 1723

Categorization

• XREF: The moralizing language of thrift and discipline echoes interwar interwar austerity ideology described in earlier chapters—the ‘sacrificial’ discourse recurs.