As he confronted the dismaying prospect of extracting from Congress yet another year's worth of foreign-assistance money, President Nixon last week put forward a bold proposal: gradually dismantle the whole vast, cumbersome machine through which the U.S. has been dispensing aid to the poor nations of the world and rely instead on an expanded international model.
Ever since the Marshall Plan, aid has been one of America's chief foreign policy weapons. Yet for more than a decade, the once acclaimed program has faced increasing antagonism and steadily shrinking appropriations (current request for...