The World Order That’s Now Emerging
The Post-World-War-II world order was dominated by the one WWII major combatant that had only 0.32% of its population (the lowest percentage) killed by the war: the United States. The Soviet Union’s comparable number killed by the war was the highest — it was 13.7% — 4.28 times higher than America’s. The US was the main force that defeated Japan and so won WWII in Asia. The USSR, however, was the main force that defeated Germany and so won WWII in Europe. The USSR suffered vastly more than did the US to achieve its victory. In addition to suffering 4.28 times the number of war-deaths than did US, the USSR’s financial expenditures invested in the conflict, as calculated by Jan Ludvik, were 4.8 times higher than were America’s financial expenditures on the war.
Thus, at the war’s end, the Soviet Union was exhausted and in a much weaker condition than it had been before the war. By contrast, the US, having had none of the war’s battles occurring on its territory, was (by comparison) barely even scratched by the war, and it was thus clearly and overwhelmingly the new and dominant world-power emerging from the war.
That was the actual situation in 1945.
The US Government did not sit on its haunches with its enormous post-war advantage, but invested wisely in order to expand it. One of the first investments the US made after the war was the Marshall Plan to rebuild the European countries that had now become the US aristocracy’s vassal-states. The heavily damaged USSR possessed no such extra cash to invest in (rebuilding) its vassals. Furthermore, the USSR’s communist regime was additionally hobbled by Karl Marx’s labor theory of value, which produced prices that contained no useful information about demand and thus no constructive information for planners. (Planning is essential regardless whether an enterprise is private or public.)
…click on the above link to read the rest of the article…
