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Welcome to another episode of SALT Talks with host Anthony Scaramucci, and guest Benn Steil, a senior fellow and director of international economics, as well as the official historian in residence, at the Council on Foreign Relations. His most recent book, The Marshall Plan: Dawn of the Cold War, was named the winner of the New-York Historical Society's Barbara and David Zalaznick Book Prize, awarded each year to the best work in the field of American history or biography. Before his death, FDR developed four pillars of a post-WWII foreign policy: peaceably dismantle the British Empire; build permanent peace between the United States and the Soviet Union; profitably dismember and deindustrialize Germany, and integrate the global economy with short-term IMF loans. This represented the hope for a one-world architecture where the US and Soviet Union got along. Circumstances quickly forced then President Harry Truman to pivot and begin dividing the world between Marshall states- countries that asserted liberal democracy and free markets- and Soviet states under communist rule. This marked the dawn of the Cold War. “When we get to 1947 and the Marshall plan, the Truman Administration is already in a major corrective mode. The State Department is already talking openly about a two-world vision for the post-war order.” The multilateral alliances that came out of WWII, like NATO, represent some of the period’s most important and enduring legacies. The world depends on these institutions even more today as the need to build alliances only grows. A rising China presents a global threat that can only be managed with new partnerships that meet these challenges collectively. SALT Talks provides a window into the minds of noteworthy business leaders, policy experts and innovators shaping the future. To learn more about this episode, including podcast transcripts and show notes, visit salt.org/talks Listen and subscribe on the platform of your choice: Apple: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/3HGRcJU... Google: https://podcasts.google.com/feed/aHR0... Follow SALT on social media: Twitter: / saltconference Instagram: / salt LinkedIn: / salt-conference Developed, created and produced by SALT Venture Group, LLC #SALTTalks