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The Cost of the First World War
The cost of sustaining the balance of power in Europe that had existed. I think there are parallels with Taiwan here. What price is too high to defend Taiwan? Is it like the First World War and it's better just to not get involved? No belligerent in the First World war, not even those Serbian maniacs would have gotten into it if they'd known what it was going to cost. The great mistake of British foreign policy for a long time has been imagining that Britain can have a successful future apart from Europe. While proximity doesn't matter so much for strategy, as I said at the beginning, it matters a lot for trade. Especially in the kind of trade people did 100 years