Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
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
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