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FTR #99 Tides of 20th Century Capital Flow

Lis­ten now: Side 1 [1] | Side 2 [2]

This broad­cast doc­u­ments sev­er­al large flows of invest­ment cap­i­tal that were cen­tral to the his­to­ry of the 20th cen­tu­ry. The cre­ation and per­pet­u­a­tion of fas­cism were large­ly made pos­si­ble by the enor­mous for­eign cap­i­tal invest­ed at the end of both World Wars in Ger­many, and to a less­er extent Italy, pri­mar­i­ly by Amer­i­can finan­cial and indus­tri­al inter­ests. Begin­ning with analy­sis of the re-cap­i­tal­iza­tion of Ger­many and oth­er Euro­pean nations by Amer­i­can cor­po­rate inter­ests in the 1920s and 1930s, the pro­gram sets forth the com­plex finan­cial machi­na­tions used by the Third Reich to loot the wealth of occu­pied Europe and locate it abroad dur­ing and after World War II. Guid­ed by pow­er­ful Wall Street invest­ment pro­fes­sion­als, such as John Fos­ter and Allen Dulles and William Drap­er, Amer­i­can cap­i­tal was instru­men­tal in build­ing Ger­man and (lat­er) Nazi indus­try pri­or to and, again, after World War II. Allied with mem­bers of the “Riga Fac­tion” of the State Depart­ment , the mem­bers of this “trans-Atlantic indus­tri­al and finan­cial Axis” sought a strong (and prof­itable) Ger­many as a bul­wark against the Sovi­et Union after both World Wars. This result­ed in the post-war per­pet­u­a­tion of the same Ger­man “cor­po­ratists” who had backed Hitler and armed and prof­it­ed from his con­quests. They then uti­lized loot­ed cap­i­tal and Mar­shall Fund mon­ey to sus­tain and expand their posi­tions in the Fed­er­al Repub­lic.