White House Weighs Limits on U.S. Portfolio Flows Into China

Re:White House Weighs Limits on U.S. Portfolio Flows Into China by _iyig on Saturday September 28, 2019 @05:21AM (#21099351)

I think you have cause and effect mixed up. The U.S. became a postwar economic superpower not because of the Marshall Plan, but because its chief competitors in Europe and the Pacific had utterly ruined one another’s economies after years of total war. Meanwhile, the United States’ manufacturing capacity had continued to expand.

The Marshall Plan certainly exposed Europeans to more American products, especially Hollywood and pop culture. However, the majority of Marshall Plan funds were given as grants, not loans - ultimately, even to Germany. American capital did not come to own and exploit Western Europe. On the contrary, one of the Marshall Plan’s main effects was to reduce intra-Europe trade barriers, setting the stage for the E.E.C. and later, the European Union.

https://en.wikipedia.org/wiki/Marshall_Plan

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Re:White House Weighs Limits on U.S. Portfolio Flows Into China by DollarGuru on Saturday September 28, 2019 @05:37AM (#21099403)

I misworded my comment, I meant that the Marshall Plan was the first obvious act in their own corporate self interest. You can't sell anything to people with no money.

How much do you think the Marshall plan accelerated the repair and growth of Europe?

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Re:White House Weighs Limits on U.S. Portfolio Flows Into China by _iyig on Saturday September 28, 2019 @05:58AM (#21099472)

>How much do you think the Marshall plan accelerated the repair and growth of Europe?

I’m not sure what you expect me to say. I think the academic consensus is, “by a lot.” I think the immediate European reaction was also, “it’s great that we’ve rebuilt our own means of production with generous outside assistance, while retaining ownership and without accruing huge debts.”

I’m a little confused. What was the nefarious aspect of the Marshall Plan? Why was it bad to help Germans rebuild Volkswagen factories, in order that they might trade things Americans want for things that Germans want?

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Re:White House Weighs Limits on U.S. Portfolio Flows Into China by DollarGuru on Saturday September 28, 2019 @06:33AM (#21099579)

I'm not denying the mutual benefit of the Marshall Plan. Of course it was a great help to Europe in the post war rebuild.

But had Europe not been an opportunity market for US industry then I suspect the Marshall Plan would have never happened or maybe I'm just cynical.

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