[PEN-L:4538] Re: Re: Re: Why Kosovo

[Doug Henwood <dhenwood@xxxxxxxxx>]

Wojtek Sokolowski wrote:

>If I recall correctly, Baran & Sweezy (_Monopoly Capital_) counter that
>argument by saying that all measures to revive the US economy through
>peaceful demand stimulation (cf. auto industry + infrastructure) had failed
>- it was the 2nd world war that reversed that trend.

Oh I agree. And there were problems after the war - the dollar shortage
internationally, and domestic weakness in the U.S. economy too. Depression
followed by war were necessary but not sufficient conditions for the boom.
For that, it took the Marshall Plan - which itself failed to restart the
global machinery - followed by the Korean War and military Keynesianism.

Doug