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4 - West Germany

Betrayal, Stagnation, and the Triumph of Capitalization

Published online by Cambridge University Press:  31 August 2023

Oscar Sanchez-Sibony
Affiliation:
The University of Hong Kong
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Summary

West Germany finally realized the energy project Italy had begun and Austria had advanced. West Germany made material, through the capitalization of a durable infrastructure, the relationship the Soviets had sought with Western Europe for so long. In 1962 the United States had vetoed a series of oil-for-pipes contracts that would have brought Soviet energy to the heart of Europe. This chapter recounts how half a decade later, with the groundwork having been laid by its two southern neighbors, West German business, local governments, and finance assembled the technopolitical coalition that would redraw East–West politics and labor relations throughout Europe. With the vast, capital intensive construction that West German industrial and financial power made possible, the Soviets could draw on further reserves of capital backstopped by a nigh-irrevocable, material infrastructure.

Type
Chapter
Information
The Soviet Union and the Construction of the Global Market
Energy and the Ascent of Finance in Cold War Europe, 1964–1971
, pp. 128 - 171
Publisher: Cambridge University Press
Print publication year: 2023

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  • West Germany
  • Oscar Sanchez-Sibony, The University of Hong Kong
  • Book: The Soviet Union and the Construction of the Global Market
  • Online publication: 31 August 2023
  • Chapter DOI: https://doi.org/10.1017/9781108993555.006
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  • West Germany
  • Oscar Sanchez-Sibony, The University of Hong Kong
  • Book: The Soviet Union and the Construction of the Global Market
  • Online publication: 31 August 2023
  • Chapter DOI: https://doi.org/10.1017/9781108993555.006
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • West Germany
  • Oscar Sanchez-Sibony, The University of Hong Kong
  • Book: The Soviet Union and the Construction of the Global Market
  • Online publication: 31 August 2023
  • Chapter DOI: https://doi.org/10.1017/9781108993555.006
Available formats
×