The Marshall Plan was a huge success, right? The rebuilding of the Spanish economy in the late 1950s – early 1960s, engineered by the US, was an astounding success, too.
But the rebuilding of Iraq in the 2000s was an abject failure. Why?
Gary Gerstle explains that while the Marshall Plan was the Old Capitalist project, the rebuilding of Iraq was done the neoliberal way. There was no planning, no oversight. Vast sums of money were thrown haphazardly at a few monopolists like Halliburton, in hopes that Halliburton’s freedom to be a market onto itself would somehow magically sort things out. According to this logic, as long as the government is removed, everything is going to be great. It’s the “defund the police” mentality that we all know so well.
So what does George W Bush have in common with the BLM? They think in the exact same way, and that’s why they end up failing so badly. Theirs is the magical thinking of pouty children who want one simple recipe that would work for every occasion.
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