There is a time for helpless acquiescence and a time for action. But to-day is it not the duty of the United States and of the British Empire and the other 23 nations to warn Japan that they will sever all trade relations with her unless she mends her ways, with an undertaking of mutual assistance against any reprisals on her part? There are at least nine chances in 10 that such a threat would be effective; and its success would have great value for the future as well as for the present. If the United States were to decline our proposal, we could not help it. But we cannot escape blame unless we take some initiative towards positive action.
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "There is a time for helpless acquiescence and a time for action. But to-day is it not the duty of the United States and of the British Empire and the other 23 nations to warn Japan that they will sever all trade relations with her unless she mends her ways, with an undertaking of mutual assistance against any reprisals on her part? There are at least nine chances in 10 that such a threat would be effective; and its success would have great value for the future as well as for the present. If the United States were to decline our proposal, we could not help it. But we cannot escape blame unless we take some initiative towards positive action." in the context of "Letter to The Times (29 September 1937), p. 13" to mean that wisdom is timeless.
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About John Maynard Keynes