GoodFellows: Conversations on Economics, History & Geopolitics

The Empire Strikes Out: Rick Atkinson on 1776, Is Britain Broken?, and Socialists in New York

Brief

Rick Atkinson opened the episode with a detailed, archival-driven recounting of 1775–1781, arguing the American victory combined both rebel endurance and British strategic failure. Atkinson emphasized the overwhelming maritime edge of the Royal Navy (about 400 warships) versus the Continental effort (13 frigates, none of which survived), and described how expeditionary logistics across 3,000 miles made British pacification politically and militarily fraught. He traced how contingency — bad weather, command choices, and luck — shaped outcomes from Charleston to Saratoga, with Saratoga (Sept–Oct 1777) singled out as the pivot that persuaded France to join the American cause. Atkinson also stressed financial fragility: Congress had no reliable taxing power, Continental currency collapsed by 1779, and French subsidies (he cited some 23 million livres) plus private financiers like Robert Morris kept the struggle alive. He credited deep archival work — volumes of the Washington papers at the University of Virginia and the Georgian Papers at Windsor (opened to researchers in 2016) — for new insights into Washington, George III, loyalists, and the civil‑war dimensions of the conflict.

The conversation then pivoted to contemporary politics. Neil Ferguson framed recent British turmoil as an elite parliamentary crisis rather than street anarchy, predicting Andy Burnham as a likely successor while warning that social‑democratic governments face an inevitable fiscal squeeze and short political horizons. John Cochrane and HR McMaster debated remedies: Cochrane cataloged voter frustration with elite incompetence and criticized proposals such as a state or federal wealth tax (noting Gavin Newsom’s public call for a national wealth tax and a 'national public equity fund' to cushion AI transitions), while McMaster argued Europe’s center lacks the radical reforms needed to restore growth. Panelists also raised security concerns — Ferguson said the Royal Navy and British forces are dangerously thin — and lamented the partisan atmosphere around recent U.S. military retirements. The episode closed by linking historical contingency to modern political contingency: shifting elites, fiscal limits, and the risky politics of redistribution and reform, with guests recommending further reading (Maya Jasanoff, Gordon S. Wood) and stressing that both history and policy are shaped by unexpected turns as much as long-run structures.

Why it matters

Rick Atkinson: The naval imbalance in 1776 was extreme — the Royal Navy had about 400 warships while the Continental Congress built 13 frigates (Atkinson says none of those frigates survived the war), forcing the British to rely on sea-borne logistics across 3,000 miles of ocean and complicating counterinsurgency operations.

Key details

  • Rick Atkinson: Saratoga (September–October 1777) was the decisive contingency — Burgoyne's isolation and defeat (Atkinson credits Benedict Arnold and General Gates on the American side) convinced France to enter the war, turning a colonial rebellion into a global conflict (Atkinson dates formal French entry around spring 1778).
  • Rick Atkinson: Financing nearly collapsed — Congress lacked taxing power, Continental currency was massively devalued (Atkinson says a 'continental' was essentially worthless by 1779), and French subsidies (Atkinson cites roughly 23 million livres) plus figures like Robert Morris were crucial to sustaining the revolution.
  • Rick Atkinson: Key archival work informed his narrative — he read University of Virginia volumes 1–27 of the Washington papers, and used the Georgian Papers at Windsor (opened to scholars in 2016) to access George III material, which humanized British actors and revealed lists, recipes and private correspondence.
  • Neil Ferguson: The UK is not in street-level anarchy but in a parliamentary crisis — he predicted Manchester mayor Andy Burnham would likely replace Keir (the panel discussed rapid turnover of UK prime ministers) and argued social-democratic governments face an intrinsic fiscal squeeze that typically produces short political horizons (~two years in office before backlash).
  • John Cochrane and HR McMaster debated solutions: Cochrane emphasized voter fatigue with elite incompetence and warned against wealth taxes (criticizing Gavin Newsom's federal wealth-tax pitch and 'national public equity fund' for AI), while HR argued many European center parties lack the radical reform needed to revive growth — both agreed current systems are politically unstable.
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