“There was a hemispheric conference called by Washington, February 1945, in Mexico where the western hemisphere was compelled to adopt an economic charter for the Americas which banned any interference with market principles. The goal was—read the State Department reports—to oppose the new nationalism in Latin America which was based on the idea that the people of a country should benefit from the country’s resources. That’s evil: can’t allow that. It’s western and US investors who have to benefit from resources.
So that was the Economic Charter for the Americas, imposed on the countries in the hemisphere with one exception – here. The United States did not follow this policy. Quite the contrary. As I mentioned, there was a massive development of a State-based economy with an industrial policy, the kind that created the modern high-tech economy.”