Postwar reconstructionists reversed the priority of fiscal economy over political aims

Evidence

Reconstructionists held that political and social issues came before economic priorities. They argued that monetary resources would be sufficient to achieve the political objectives of the state, regardless of their cost. In Great Britain, Minister of Transport Eric Geddes voiced a popular view in his report to the cabinet on February 25, 1919: “You must be prepared to spend money on after-the-war problems as you did on during-the-war problems. That [money] must be found and added to our debt if necessary.” Minister for Reconstruction Christopher Addison, who campaigned for the adoption of urgent social reforms, was in agreement: “It would be no defense to say that vital proposals were not enacted for want of money. Nobody will believe it.” — Clara E. Mattei, Escape from Capitalism, 181

Categorization

  • XREF: Direct counterpoint to the austerity orthodoxy Mattei’s book dismantles — a moment when debt-financed spending was the mainstream political position. — connects to: Wartime disruption generated a postwar window of optimism for liberal reconstruction — Angus Burgin, The Great Persuasion: Reinventing Free…, 219; Postwar British reconstructionists gave political goals priority over economic cost — Clara E. Mattei, Escape from Capitalism: An Intervention, 181; Postwar suffrage, planning confidence, and national treaties empowered politics against economy — Quinn Slobodian, Globalists: The End of Empire and the…, 113 (+5 more)
  • SEED: An essay comparing the 1919 reconstructionist willingness to run debt with today’s deficit-hawk orthodoxy would be a strong intervention piece.

Broader Connections