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Bastille Day: The French Revolution Didn’t Change Much


By Bill Bonner • July 15th, 2008 • Related Articles • Filed Under

About the Author

Bill BonnerBest-selling investment author Bill Bonner is the founder and president of Agora Publishing, one of the world's most successful consumer newsletter companies. Owner of both Fleet Street Publications and MoneyWeek magazine in the UK, he is also author of the free daily e-mail The Daily Reckoning.

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Filed Under: Europe
Tags: bastille day • france • french revolution

Think you’ve got trouble? Today is a public holiday in France. It marks the occasion when the mob rose up and broke into the Bastille, liberating a couple of half-wits and social deviants. It was only a small chimney fire in historical terms. But soon, the whole country was on fire.

The French should have realized right away that the Revolution would be more trouble than it was worth. A few years later, France was broke...at war...and her leading citizens were siding with the enemy. Not only that, hundreds of thousands were dying from small pox.

But that is the trouble with hisory; there’s no way to back up. And you never end up where you expected to go.

*** “The French Revolution didn’t change things as much as people thought,” said our historian friend. “It replaced one authoritarian, centralized government in Paris with another.”

There is no stopping history. There’s no backing up. Once the wings begin to fall off, the plane is going to crash; there’s not much you can do about it.

The French Revolution began calmly enough. “Reform” was everybody seemed to want. Meetings were called. Various reforms were discussed and implemented. For a while, it looked as though France might make a transition in a civilized way. But things inevitably heated up. A small number of aristocrats fled to England, Austria and Germany. There, they stirred up trouble. Soon France was at war with almost all its neighbours. Even the king tried to flee. And then, feeling themselves surrounded by enemies on their borders...and saturated with traitors, saboteurs and terrorists at home...the Terror began to squeeze the whole country. Scores were settled. Vengeance was meted out. By the time it was over 30,000 citoyens had lost their heads.

And when the butchery, the wars, the epidemics, and the mobs were finally cleared away...France was back in the hands of a monarch, one more powerful than Louis 16th.

Bill Bonner
for The Daily Reckoning Australia

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Related Articles:

  • The French are Feeling Pretty Smug
  • When Empires Change Hands
  • The Rise, Fall, and Rise of Disaster
  • British Lamb Imported From New Zealand
  • French Model of Economy Allows Meddling from the State

About the Author

Bill BonnerBest-selling investment author Bill Bonner is the founder and president of Agora Publishing, one of the world's most successful consumer newsletter companies. Owner of both Fleet Street Publications and MoneyWeek magazine in the UK, he is also author of the free daily e-mail The Daily Reckoning.

See All Posts by This Author

There Are 3 Responses So Far. »

  1. Pingback by The Good War | Bear Market Investments on 3 February 2009:

    [...] Bastille Day: The French Revolution Didn’t Change Much [...]

  2. Comment by Arnaud on 30 March 2009:

    Historical facts seen by naive & ignorant man

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  3. Comment by Alex Killey on 12 August 2009:

    I guess introducing the metric system, ending absolute monarchy, starting nationalism, and beginning basic human rights are just counted unimportant then?

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