Posted: Dec 28, 2016 3:23 pm
Sendraks wrote:Scot Dutchy wrote:Where Britain did squander money was during the oil boom. Thatcher wasted it on smashing the unions.
Well as I say, we have a history of UK Government's being horribly wasteful with money.Scot Dutchy wrote:Looking back today there are many who think we should have not accepted Marshall aid as it tied us for years to American coat tails. Remember the USA made a killing from Marshall Aid and most of Europe ended in long term debt.
Given the aid really did help kick start European economies post WWII and has led to countries like Germany being able to outcompete the US in various industries (because the US didn't modernise its industry post WWII), the plan was worth it to certain recipients in the long term.
It did at the time and those who have commented will agree it did kick start Europe but question the debt incurred could have differently handled.