Manufacturing Consent (Chomsky) on TV tonight and tomorrow

[hep ingham]

Chomsky stated that the Marshall Plan was approx balanced by capital sent
back to US banks by Europeans.  The net effect was that US taxpayers
reconstituted the pre-war, sometimes fascist, industrial arrangements. This
wasn't something he surmised, it was based on a report which Doug produced
about a month after the first report.


>Chomsky seemed to think that the Marshall Plan entailed no net
>transfer of resources from America to Europe. The counterfactual
>appeared to be a scenario in which European governments seized
>American property of their nationals and used that to finance dollar
>imports instead...


>Brad DeLong