If you and I were face to face we’d have a good conversation (without slobbering involved) and you’d find out that we’re in 99% agreement. We needed to have jobs for returning vets and we converted wartime plants back to manufacturing goods and products to sell to devastated countries. Since they had little money to buy those products we sent them foreign aid to help them buy our products and rebuild their infrastructure and businesses thus giving their people a job. It’s one of the reasons America was able to “gain and retain” world dominance in the 50’s, and the parents of Boomers like me decent financial security.Well you are somewhat historically challended as far as post war economics goes. The US and Australia were about the only two modern countries that had not been devastated by WW2. It took 20 to 30 years for Europe, Britain, Japan, and China to get their industries and populations back up and working. You cant understand that our so called US largesse wasnt also to help these countries re-build to make for better global markets for US goods? Our private enterprise system had no free handouts to these countries; our govt did but again it was to help boost us.
I say this and you dont hear it very much but the US was able to take advantage of this void to become the top industrial nation by far right after and for 30-40 years after WW2. We immensely gained dominance over the world in that time.
So dont go blabbing and slobbering around about how much we help those countries as we made out like bandits. The last 40 years our companies have sent their jobs overseas to maintain huge profits and they have sold out the US citizens in many ways by off-shoring their operations and monies and paying little in taxes.
We kept our dominating presence in Germany and some other spots in Europe to keep the peace as a conquering nation and to limit Soviet expansion in the Cold War.
Is it time - it’s only been 80 years after all - to dust off that policy and consider a reset? I think it’s a very fair question.
My response is obviously just skimming the surface here - and it’s been over 20 years since I taught Economics and History but I think I’ve got my basic facts covered here.