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| Solid Air 10 | Chapter: Bretton Woods & the Consumer Boom We finish chapter three of Leo Panitch & Sam Gindin's "The Making of Global Capitalism: The Political Economy of American Empire" with a discussion of the Bretton Woods system, the rise of the Keynesian in the later arc of the New Deal, along with its production/consumption economy, the Treaty of Detroit and its implication for labor/union commensuration with that system, and then a discussion of the consumer boom and the build-up to eh Marshall Plan.

CHAPTERS

00:00 Introduction

09:16 Broader Arc of the New Deal

18:09 Planning the Postwar Order

31:57 Bretton Woods & the White Plan

49:42 Treaty of Detroit & Consumer Boom

01:05:00 Outro

SOURCES

- Leo Panitch & Sam Gindin's "The Making of Global Capitalism: Political Economy of American Empire"- Eric Hobsbawm's "The Age of Extremes"- Robert Heilbroner's "The Worldly Philosophers"

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Figuring things out through slow-motion reading series. "Solid Air" works through political economy x history. "Invisible Hands" covers the lives and theories of economists. "Reading Room" is an excuse for a friend and me to read and talk about philosophy or literature. Every third episode is on Patreon, but not really - there's a "free feed" just a click away. This is a self-education project, and nothing more.In the Solid Air series, we dig into Panitch & Gindin's "The Making of Global Capitalism" and then take two "detours" into other texts. Rinse and repeat. For those detours, we tend to focus on Eric Hobsbawm, Robert Heilbroner, David Harvey, and Garry Gerstle - but we've also read first-hand texts from the time, like John Maynard Keynes' Economic Consequences of the Peace or Frederick Winslow Taylor's Principles of Scientific Management.