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| Ep. 13 | Chapter: P&G's Making of Global Capitalism

We wrap up the "Launching of Global Capitalism" section of the Panitch & Gindin book, focusing on the Marshall Plan funds to recover Western Europe, the US export of productivism and technological/managerial transfers, GATT, "embedded liberalism" as a kind of New Deal internationalism, and the shifting relations of the US to the Middle East, Latin America, and Japan in the 1950s. CHAPTERS.

00:00 Introduction

06:36 The Story So Far

13:45 US Wealth Inequality Trends

18:25 Marshall Plan, US Rescue of European Capitalism

31:30 Containment and New Deal Internationalism

41:27 Marshall Plan, Middle East, Latin America, Japan

47:45 Closing up

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"SOLID AIRFiguring 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. The full series can be accessed as a free Patreon member ( https://www.patreon.com/collection/1219832?view=condensed ). 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.