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That is one take on what happened. Varoufakis' book, Modern Political Economics, has a lot of research that shows that in the immediate postwar period, the USA also had plans to recycle its surplus through Germany and extend its economic dominance. So it wasn't only a military strategic goal, but also an economic one. Varoufakis sees the Marshall Plan as the upshot of the US's rejection of a global surplus recycling mechanism as proposed at Bretton Woods. So, some form of Marshall Plan was already in the offing as soon as 1944.
by Upstate NY on Wed Feb 15th, 2012 at 02:01:15 PM EST
[ Parent ]
Great book. I wish he had referenced his sources for the discussion of post war US planing. I strongly suspect his conclusions are based on biographies, memoirs and secondary works. It would be unreasonable to expect an economist to do the sort of primary source research to document such a claim. And this is not an area I ever studied in any significant way, but his conclusion seems so right.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Feb 16th, 2012 at 12:38:44 AM EST
[ Parent ]


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