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Keynes’s proposal was brimming with intellectual power; White was overflowing with the power vested in him by America’s economic and military might. Keynes advocated a global system that could stabilize capitalism for a fabulously long time; White's brief was to push through a system consistent with the United States' new-found strength but viable only as long as America remained the surplus nation extraordinaire. [...]

Harry Dexter White, FDR's representative at Bretton Woods (July 1944) who had been influenced by Keynes (and who obviously won the battle)

—p.19 And the Weak Suffer What They Must (13) by Yanis Varoufakis 9 years, 1 month ago