Thinking the Twentieth Century

So I certainly don’t regard myself as brave. I just see myself—if I want to indulge a little immodesty—as rather more honest and outspoken than some other people I know.

In some sense it is my story, too. I grew up and read and became a historian and, I like to think, an intellectual. The Jewish question was never at the center of my own intellectual life, or indeed my historical work. But it intrudes, inevitably, and with ever greater force. One of the aims of this book is to allow such themes to encounter each other, to permit the intellectual history of the twentieth century to meet the history of the Jews. This is a personal as well as a scholarly effort: after all, many of us who have, in our work, kept these themes distinct are ourselves Jews.

“Telling the truth”—which for so long was itself a problematic exercise thanks to competing “truths” and the cost of airing them publicly—now became a virtue in itself. And the bigger the truth you have to tell, the greater your claim upon the attention of fellow citizens and sympathetic observers. Thus, despite the obvious risk of appearing to compete with the ultimate truth of Jewish genocide, speaking openly about hitherto uncomfortable episodes in the recent German past opens the possibility of encouraging the telling of many stories.

The two decades following the end of the late-nineteenth century economic depression were the first great age of globalization; the world economy was truly becoming integrated in just the ways Keynes suggested. For precisely this reason, the scale of the collapse during and after the First World War and the rate at which economies contracted between the wars is difficult for us to appreciate even now. Passports were introduced; the gold standard returned (in 1925 in the British case, reinstated by Chancellor of the Exchequer Winston Churchill over Keynes’s objections); currencies collapsed; trade declined.

The three quarters of century that followed Austria’s collapse in the 1930s can be seen as a duel between Keynes and Hayek. Keynes, as I was saying, begins with the observation that under conditions of economic uncertainty we would be imprudent to assume stable outcomes and therefore had better devise ways to intervene in order to bring these about. Hayek, writing quite consciously against Keynes and from the Austrian experience, argues in the The Road to Serfdom that intervention—planning, however benevolent or well-intentioned and whatever the political context—must end badly. His book was published in 1945 and is most remarkable for its prediction that the post–World War II British welfare state already in the making should anticipate a fate similar to that of the socialist experiment in post-1918 Vienna. Starting with socialist planning, you would end with Hitler or a comparable successor. For Hayek, in short, the lesson of Austria and indeed the disaster of interwar Europe at large boiled down to this: don’t intervene, and don’t plan. Planning hands the initiative to those who would, in the end, destroy society (and the economy) to the benefit of the state. Three quarters of a century later, this remains for many people (especially here in the U.S.) the salient moral lesson of the twentieth century.

Perhaps the real difficulty facing anyone seeking intellectuals at the highest political levels in England is that the intellectual agenda which drove ideologically-configured political movements in continental Europe was quite absent in London.