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The Global Minotaur: America, the True Origins of the Financial Crisis and the Future of the World Economy

Book by Yanis Varoufakis · 1 quotes · Cdo, Wall Street, 2008 Financial Crisis

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AllCdoWall Street2008 Financial CrisisCapitalismCold WarFinancial CrisisManufacturing ConsentMccarthyismNeoclassical EconomicsPrivate MoneyRed ScareThird World Debt CrisisTruman DoctrineUs ImperialismVolcker Shock

The Global Minotaur: America, the True Origins of the Financial Crisis and the Future of the World Economy Quotes

“Not all of the New Dealers, it must be said, bought into the Truman Doctrine and the Marshall Plan. For instance, Henry Wallace, the former vice president and secretary of agriculture, who was fired by Truman for disagreeing with the Cold War’s imperatives, referred to the Marshall Plan as the ‘Martial Plan’. He warned against creating a rift with America’s wartime ally, the Soviet Union, and remarked that the conditions attached to the Soviet Union’s invitation to be part of the Marshall Plan were intentionally so designed that Stalin would be obliged to reject them (which, of course, he did). A number of academics of the New Deal generation, among them Paul Sweezy and John Kenneth Galbraith, also rejected Truman’s cold-warrior tactics. However, they were soon to be silenced by the witch-hunt orchestrated by Senator Joseph McCarthy and his House Committee on Un-American Activities.”

Cold WarMccarthyismRed ScareTruman Doctrine
Book:The Global Minotaur: America, the True Origins of the Financial Crisis and the Future of the World Economy
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