Palo Alto: A History of California, Capitalism, and the World Highlight

Part of his argument in The Political Economy of Growth is that America was unwilling and economically unable to tolerate any sort of popular sovereignty in what he called the “source countries.”58 It was the same conclusion Ernesto Galarza came to in Bolivia. No matter what type of government they pursued, Third World countries that sought meaningful independence had to expropriate foreign capitalists. Country by country, America put its fat finger on the scale in the 1950s, actively interfering in internal politics;