A 1980 broadcast highlights economic concentration and its historical relationship to fascism. The issue of the “1%” versus the “99%” is not new.
After discussion of the American corporate connections to the Third Reich, this program concludes with analysis of the perils of the concentration of economic power.
Several minutes in length, the conclusion of that program can be accessed here: Listen .
Of paramount significance is the possibility that concentration of economic power in the United States might eventually produce for Americans what it did for Germans in the 1930’s.
The fact that many of the most important U.S. companies and individuals were deeply involved with Nazi industry and finance informs us that such a possibility is not as remote as it might appear at first.
(These same interests attempted to overthrow Franklin D. Roosevelt  in a coup attempt in 1934, seeking to install a government modeled on Mussolini’s “corporate state.”  Mussolini and his fascisti are pictured at right.)
With the very able assistance of co-host Mark Ortiz, Dave recorded the first of the archive shows, Uncle Sam and the Swastika (M11) , on Memorial Day weekend of 1980 (5/23/80).
The program echoes at the distance of thirty years the warning that James Stewart Martin sounded in his 1950 book All Honorable Men . Noting how attempts at breaking up Hitler’s German economic power base had been foiled by the Germans’ powerful American business partners, Martin detailed the same pattern of concentration of economic power in the United States that had led to the rise of Nazism in Germany.
In 2005, Uncle Sam and the Swastika was distilled into For The Record #511 . Since then, the American and global economies have tanked and may well get worse. The significance of an economic collapse for the implementation of a fascist cabal figures significantly in the several minutes of this excerpt.
At more than 30 years’ distance from the original recording of Uncle Sam and the Swastika, the questions raised in this broadcast loom large. Will the “calm judgement of business necessity”–fascism–that Martin foresaw in 1950 come to pass?
We should note that Mussolini termed the fascist system–which he christened–“the corporate state.” Another way of conceptualizing it would be to think of fascism as “capitalism on full auto.”