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This graph just shows the different outcomes from Monroe Doctrine vs. Marshall Plan and other stimulus. Since the 50's, Europe and select Asian countries recei
by manoDev 8mo ago
This graph just shows the different outcomes from Monroe Doctrine vs. Marshall Plan and other stimulus.
Since the 50's, Europe and select Asian countries received large investments from the US; Latin America received coups supported by CIA and governments that sold out to foreign interests.
- rayiner 8mo agoThe Marshall Plan was a very small amount of money. It was about $150 billion in today’s money, or about 5% of GDP of the recipient nations. The U.S. and its allies spent far more in Iraq for far fewer people. And the U.S. has nothing like that for Singapore, Korea, or Taiwan. And Monroe Doctrine was primarily in the late 19th and early 20th centuries. That doesn’t explain why Latin America got relatively rich during that period, and then fell behind once most of the intervention stopped. Also, what counts as “support” is extremely nebulous. Which countries in Latin America had a coup where the U.S. was the but-for cause?