"As for the enemies of freedom, those who are potential adversaries, they will be reminded that peace is the highest aspiration of the American people. We will negotiate for it, sacrifice for it; we will not surrender for it, now or ever." - Reagan, January 20, 1981

"In Vietnam, we tried and failed in a just cause. No More Vietnams can mean we will not try again. It should mean we will not fail again." - from No More Vietnams by Richard Nixon

Saturday, July 24, 2010

Nixon and Kissinger on Latin American Economic History

Former Secretary of State Henry Kissinger wrote in his memoirs of the Alliance for Progress that it was “soon beset with tensions inherent in the hemispheric relationship. Its programs for social and economic improvement were both welcomed and resented. Intense American involvement in attempt to reform domestic social and political institutions were accepted when they brought foreign aid and economic development, but attacked as a form of ‘gringo imperialism’ when they sought social and political reform.” He goes on to say that “In many counties, foreign investment was restricted, foreign companies nationalized, markets closed, and tariffs raised. The doctrine of import substitution, first put forward by the Chilean economist Raul Prebisch, dominated. It opposed foreign private investment and advocated public funds to finance domestic industry and commerce. The region’s economic ills were blamed on excessive ‘dependence’ on the United States.”
Secretary Kissinger’s former boss, Richard Nixon, reviewed the results of these policies in 1991. “The theology of state economic interventionism – epitomized by nationalized industry, state subsidies, and price controls – still attracts a large following in the underdeveloped world, prodicing scores of economic horros stories. In the 1980s, Latin America - despite its abundant natural resources and talented peoples – went into reverse gear economicly. While the world enjoyed a major boom, Latin America’s economy went bust. In nineteen out of its twenty-one counties, living standards have declined.”

(Years of Renewal, Henry Kissinger, 704, 706; Seize The Moment, Richard Nixon, 251)

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