Dollars for Detente

Quirk, William J.
March 1979
New Republic;3/31/79, Vol. 180 Issue 13, p18
Discusses detente in the Soviet Union, in which the Soviets would receive imports from Western countries after paying with loans extended by international banks. Vision of a modern Communist industrial state; Impact on American taxpayers if Soviets default on the loan; Example of mixed capitalism-socialism where corporate profits remain private and business losses go public; Loans at favorable interest rates for five to seven years; International bankers' confidence treating the Soviets as a triple-A credit risk.


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