Bretton Woods and Today’s Global Crisis of Survival
May 11, 2020 (EIRNS)—Helga Zepp-LaRouche’s keynote speech to the May 9 Schiller Institute observance of the 75th anniversary of V-E Day, identified the immediate, overall content of the solution to the current global crisis of pandemic, famine and vast mass unemployment.
“We have to go back to the idea of Bretton Woods as Franklin D Roosevelt intended it,” she said. “Namely, that the main aim would have been to overcome poverty in the developing countries by providing long-term, low-interest credit lines for a real industrialization of the developing countries. This program was never implemented because of the untimely death of Roosevelt, and the fact that Churchill and Truman organized much of the environment of the actual Bretton Woods, which was then implemented, despite some useful features it had.”