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> UK has been actively acting on USA's interests for decades can't one say this isn't the other way around? bretton woods was basically a joint us+uk project,
by cat199 7y ago
> UK has been actively acting on USA's interests for decades
can't one say this isn't the other way around?
bretton woods was basically a joint us+uk project,
most macroeconomic policy & related geopolitics in the west (including EU) post wwII stems from this..
us is basically fighting iran overtly or covertly on behalf of the UK, and vietnam was massively in the french interest as some 'small' examples..
- NeedMoreTea 7y agoThat's a very charitable view. Bretton Woods was the US (mostly Harry White's) rejection of Keynes' plan and the best that could then be agreed. As a result it has a very US flavour. Not especially surprising considering most nations were near bankruptcy at the time with the sole exception of the USA. What resulted in the shape of the IMF and World bank was far different to envisaged and provided none of the speculative and recession control. History has mostly backed up Keynes' opinion, though it worked sort-of reasonably until Nixon abandoned the gold standard. Edit: Far more of the last 40 years geopolitics and economics stems from the oil crisis and the chaos of the immediately following years than Bretton Woods.