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A second explanation for the failure of the Paris process is that some of those involved French Prime Minister Georges Clemenceau, British Prime Minister David Lloyd George and Wilson were uniquely incompetent or otherwise ill-disposed.Trump and British Prime Minister Theresa May could not be more different in terms of their personalities, yet both have dispensed with expert advice and done serious damage to their respective countries' political systems.In October and November of 1919, he attended meetings, hosted by the Dutch banker Gerard Vissering, where bankers from the U.S. and various neutral powers developed a sophisticated plan for leveraging private U.S. finance for the reconstruction of Europe.Hence, when it came time to remake the world in 1944-45, Keynes adopted a very different approach.It would not have been difficult to attack British Prime Minister Winston Churchill and U.S. President Franklin D. Roosevelt for their past economic policies, but nor would it have accomplished anything.True, Churchill and Roosevelt were far better leaders than Lloyd George and Wilson. But even if they had been just as flawed, Keynes had learned the costs of focusing too much on the foibles of bad leaders during bad times.
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