Part 5:
1945 to 2020: The Big Picture

#70 The ‘Third World’ & Development

Senator Joseph McCarthy led a government-supported campaign from the late 1940s to the late 1950s, to rid the USA of anyone with left-leaning tendencies. It was argued at the time, with justification, that he set up a witch hunt to track down subversives: people antagonistic to the high ideals which USA ideology had persuaded themselves was their own God-given destiny. McCarthy and his allies were consumed by fear and paranoia as if American civilisation was about to be taken over. The campaign was focused on people in academia, the arts and entertainment, labour union activists, and those in public service. These were accusations of subversion or treason, often without proper evidence.

Read More

#69 Development Aid: The Master Stroke

The mechanics of the West German recovery is a tale rarely told. The Marshall Plan was the means through which the Americans channelled money for the recovery of all states in Europe in the Western sector and Japan. The USA had 80% of the world’s gold supply, so could well afford the largesse needed by all the collapsed economies. Over the four years, $13 billion (equivalent to well over $100 billion today) or 0.5% of the USA Gross Domestic Product (GDP) was channelled into dollar-starved Europe

Read More

#68 The Marshall Plan: Protecting Europe from Communism

The Marshall Plan had several purposes. First, the American economy needed outlets for export, and second, the entire European and Japanese economies were in ruins and debt from the war. The Marshall Plan provided much-needed trading dollars. The plan was also intended to counter the attractions of Soviet Communism and probably saved western Europe from following a socialist path. The infrastructure of Europe, including a large number of homes and factories, had been destroyed by the war.

Read More

#67 The Creation of New Global Infrastructure to Rule the World

Well before the Japanese attacked Pearl Harbour, US war planners were envisaging the defeat of Germany and Japan and the break-up of Europe's various Empires. They imagined the creation of small independent nations, umbilically tied into the US dollar and planners drafted blueprints for the United Nations. The ideologies of Pax Americana, Providential Exceptionalism and Universalism led a large group. The move of America to rule the world was rampant ambition over any specific political or economic need. This blog outlines the new global infrastructure the US set up post-1945 to rule the world.

Read More