The revolution blows up

I recently sat at the desk where John Maynard Keynes wrote The Economic Consequences of the Peace, his coruscating 1919 polemic against the Versailles Treaty. I asked myself what Keynes would be writing if he were with us today. I think the answer is The Economic Consequences of the Arab Spring. The point of Keynes’s original tract was that the victors of the First World War were bungling the peace.

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