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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (17113)2/3/2003 5:15:02 PM
From: sea_urchin  Read Replies (3) of 81997
 
Some insights.................

wsws.org

>>>Today, after sliding into debt in the 1980s, the US is now the biggest debtor in the world. Its external debt of more than $2.3 trillion comprises more than 20 percent of GDP. The balance of payments deficit is running at an annual rate of around 5 percent of GDP, requiring an inflow of capital from the rest of the world of more than $1 billion per day to finance it. At the end of the 1940s when the Marshall Plan was undertaken, the US poured capital into the rest of the world economy. Today it sucks it in at a rate unprecedented in economic history.

Consideration of these issues points to some of the driving forces behind the impending war against Iraq and the strivings of US imperialism to establish global dominance—military means are increasingly being employed to try to compensate for a loss in relative economic power.

In other words, not only is Marshall Plan-type economic reconstruction and international co-operation impossible because of the underlying financial weakness of the US, it is this very financial weakness which, in the final analysis, is one of the central factors behind the increasing unilateralism of the Bush administration and its drive to war.<<<
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