The concept of a post- WWII free-market framework was fulfilled at the Bretton Woods Conference in July 1944, where—with 45 national delegations in attendance—the United States and its allied planners prepared for the establishment of a freer and more open international economic system. This was...
At the epicenter of Cold War tension was U.S. and Soviet obsession with absolute security. The lesson each protagonist had learned from WWII made strategic security preeminent. To attain this security, military and internationalist-alliance strategies were exhaustively employed. Ultimately, however, genuine security was determined by the economic...
In the 1970s crippling government regulation, excessive public spending, and high tariff barriers to international trade, brought about a new kind of new type of “free-marketeer": the neoliberalist. Analysts of this ilk used the chronic economic crises that were manifest in the 1980s to promote...
Adam Smith’s notion of market-supremacy was the basis for the post-World War II free-market approach that underpinned the Bretton Woods conference. The U.S. emerged from the war aware of its capacity to guide global restoration in ways compatible with its goals. Its main goal was...