By Noam Chomsky, Edward S. Herman
With a brand new preface via the authors, this spouse booklet to The Washington Connection and 3rd global Fascism, dissects the aftermath of the conflict in Southeast Asia, the refugee challenge, the Vietnam/Cambodia clash and the Pol Pot regime.
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Extra resources for After the Cataclysm (The Political Economy of Human Rights, Volume 2)
A major advocate of deregulation in the Carter Administration was Alfred Kahn, Chairman of the Civil Aeronautics Board from 1977 to 1978. Kahn succeeded in deregulating commercial air fares during his tenure, but more importantly he provided an intellectual basis for bipartisan support for further deregulation. The Reagan administration pursued deregulatory policies with a vengeance, as part of its overall policy of reducing the size of government. The Thatcher government in Britain and the Reagan administration both pushed for deregulation and reduced government spending.
S. leaders thus decided that the United States would have to assume the primary responsibility for establishing a postwar economic order. That order would be designed to prevent economic nationalism by fostering free trade and a high level of international interaction. A liberal economic system, ensured by international cooperation, would provide the foundation for a lasting peace. 4 The Anglo-American plan, approved at Bretton Woods, became the first publicly managed international monetary order.
S. banks had branches abroad, but, by the end of 1974, 125 did. S. banks’ foreign branches rose from about $9 billion in 1965 to over $125 billion in 1974. Concomitantly, there was an expansion of foreign banks in the United States. The number of foreign branches and agencies in New York City, for example, rose from 49 in 1965 to 92 in 1974. 22 Financial interdependence was also a result of the internationalization of production. Multinational corporations that controlled large pools of liquid assets became sophisticated in moving their capital from country to country to take advantage of interest rate spreads or expected exchange rate adjustments.