Bankers Love Socialism -- Professor Antony Sutton

A classic lecture by Professor Antony Sutton, who taught economics at California State University, and was a research fellow at Stanford University's Hoover Institution.
In this talk, Prof. Sutton goes into his impeccable research on how a close-knit group of Western financiers and industrialists (centered around Morgan and Rockefeller in the US, and around Milner and the City financiers, in the UK) created and sustained their three supposed enemies right from the very beginning: Soviet Russia, Nazi Germany, and FDR's Fabian socialism.
Particularly, he goes into how Wall Street/City of London financiers used their banking institutions and their industrial enterprises to:
1) Help finance and sustain the Bolshevik Revolution. Build up Soviet industry during Lenin's Five-Year Plans, both through finance, technology/industrial transfers and technical assistance. Continue to build the Soviets throughout the entire Cold War, through the same kinds of deals. This included the Korea and the Vietnam eras, during which American troops were being killed by... Western-made Soviet equipment.
2) Build up Nazi Germany, both financially and industrially;
3) Get FDR into power in America as their man, and even draw up the New Deal policies, especially FDR's National Recovery Act -- designed by Gerard Swopes of General Electric and deeply welcomed by Wall Streeters Morgan, Warburg and Rockefeller.

Sutton was not a wild speculator. He was a distinguished academic researcher who documented his conclusions impeccably in his several works. Not being able to counter his research, the establishment (including academia) simply attempts to ignore it, and pretend it isn't there.
The purpose for these Wall Street policies was very simple: to create, and globalize, what Sutton calls Corporate Socialism. A system under which everything in society is ruled by the state, and the state is, in its stead, controlled by financiers who, hence, get to rule and manage society, to their liking. In other words, to get society to work for the financiers, using a dictatorial socialist state as the middleman.
This is what we now know as the globalization economic model. As a result of all the clashes of the 20th century, most notably WWII and the Cold War (fought between powers that were manipulated and controlled by these banker cliques), the world has been 'globalized'. Meaning that it has been entirely taken over by these financiers, and is ever closer to being completely ruled by them, through not only the national states and national central banking systems, but mainly through supranational agencies and institutions.

Go into Professor Sutton's books, most notably the Hoover Institute's series on Western technological/industrial transfers to the Soviets and the 'Wall Street' trilogy. If you have a difficulty in purchasing the original books, you'll find most of them are easily available online, on pdf form.

Also check out my other Antony Sutton videos:

Wall Street and the Bolshevik Revolution (watch?v=RD_cJXOjYl8)
The Best Enemies Money Can Buy -- Soviet Russia and Nazi Germany (watch?v=j3vZNSAi-QM)

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[LibertyTruthJustice]

@Arondeus

My definition of socialism isn't mine at all, it comes from its original founders: Hegel, Simon, Comte, and so forth. Sutton started by subscribing to the fairy tale notion, but then dispelled it, through the rigorous study of history and praxis.

Wherever you find 'workers revolution', and 'socialist solidarity', in the last 200 years, you have a clique of socialists, sponsored by the highest bankers, wrecking their country and then loaning it out in monopoly contracts to the banks...

[LibertyTruthJustice]

@Arondeus

The best, more honest definition of socialism was given by its founders, people like Hegel and Saint-Simon. What was/is meant by socialism is a system by which society is standardized and organized as an efficient, technocratic machine. It is to be run by bankers and technicians, for these ideologues.

So, that's the history of the Soviet Union, China is there to copy it, and so are all the other communist, and socialist systems. But they always invent nice myths, to recruit followers.

[LibertyTruthJustice]

@a0eoj

Lol. I was waiting for the moment you were going to push communitarianism, all the neo-platonist, "rousseaunian" thing. One guesses...

You know, socialism is such a stagnant, obscurantist, neo-medieval system, that even fanatics like HG Wells had to admit it would never subsist in the presence of alternatives.

You might want to try reading the letters and writings of the Founding Fathers, for their ideas on society, and specifically on slavery. You'll have a surprise or two..

[a0eoj]

@LibertyTruthJustice The -ism I've found least exploitative is libertarian socialism.

[a0eoj]

@LibertyTruthJustice The "Founding Fathers" weren't middle-class citizens and their idea of fairness and social justice included slavery. In a truly democratic society, everyone shares power and wealth. Any system which rationalizes an inequality of wealth and power is not democratic, it's fundamentally exploitative.

[LibertyTruthJustice]

@a0eoj

"Capitalism is fundamentally exploitative"

Tell me which "-ism" isn't fundamentally exploitative.

But that's exactly why you need a *middle class form of free market*, where power is distributed, the citizenry is alert, conscious and has a deep moral sense, a conscience.

It's the fairest and most balanced way to have a complex society, and this was acknowledged even in the time of the Founding Fathers.

[a0eoj]

@LibertyTruthJustice I basically agree with what you're saying, but with the realization of the inherent immorality of capitalism. Sutton probably wasn't a 'bad' guy; he just didn't understand capitalism is fundamentally exploitative. While it's admirable to speak out against injustice, it's also important to acknowledge the cancer.

[LibertyTruthJustice]

@a0eoj

Capitalism, the middle class free market, has been dead for decades. What you have, and was created by monopoly capitalists, is a command and control societal and commercial system. A monopoly cartel system.

The name for this is Fabian Socialism, akin to fascism. It's not middle class capitalism -- what Sutton defended. He actually wanted people like you to prosper as independent middle class, instead of being a wage slave for some govt-protected corporation. Bad of him heh?

[a0eoj]

@LibertyTruthJustice You don't have to read his books to see he has a bias for capitalism. 

[LibertyTruthJustice]

@a0eoj

Yes, Prof. Sutton denounced the predatory tactics of monopoly capitalists, of using groups of pirates like the communist and socialist movements, to take over societies and establish monopolies, and command and control systems. On that we agree.

But now you're attacking him for supposedly "having a bias" towards the same people he denounced? Now, in what Antony Sutton book did you get that from, would you mind telling me?

[a0eoj]

@LibertyTruthJustice Just because Sutton detailed Wall Street's involvement in the Bolshevik Revolution, in order to destroy Russia as an economic competitor and turn into a captive market and a colony to be exploited by a few high-powered American financiers and the corporations under their control, doesn't justify the inherent immorality of capitalism in which those with capital exploit those who don't. Like most people, Sutton can't see his own bias.