Geopolitik Energi

April 12, 2007

Marshall Plan: Road to Conquest


Homer Paxon

Marshall Plan: Road to Conquest

Analysis of the American Way of Imperialism

From New International, Vol.14 No.5, July 1948, pp.138-143.
Transcribed & marked up by Einde O’Callaghan for ETOL.


The Marshall Plan or the European Recovery Program has to be regarded how the viewpoint of (a) the internal contradictions of US capitalism, (b) World War II and the destruction wrought in it, and (c) preparation for World War III.

For over 30 years US capitalism has been exporting far more than it has imported. World War I saw the most rapid transformation of the US from a debtor nation to a creditor. Fundamentally the change to a creditor nation – i.e., one exporting more capital and capital goods than it imports – was only an indication of the expansion of US industry and finance to a dominant position in the world.


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