He discusses “military Keynesianism” and end of depression that includes appeasement, Isolationism, and outbreak of war.
In Europe, we see the rise of corporatism and fascism; German aggression in the Rhineland, Spain, Austria/Anschluss, Czechoslovakia and Poland. In Asia and the Greater East, we see the Asia Co-Prosperity Sphere and the invasion of China. And in the U.S., it’s isolationism, the “Arsenal of Democracy,” an undeclared war. Plus the Phony War, and the Battle of Britain.