“by the late 19th century the inner sanctums of Wall Street understood that the most efficient way to gain an unchallenged monopoly was to ‘go political’ and make society go to work for the monopolists — under the name of the public good and the public interest…. One barrier to mature understanding of recent history is the notion that all capitalists are the bitter and unswerving enemies of all Marxists and socialists…. In fact the idea is nonsense. There has been a continuing, albeit concealed, alliance between international political capitalists and international revolutionary socialists — to their mutual benefit…. The open minded reader should bear two clues in mind: monopoly capitalists are bitter enemies of laissez-faire entrepreneurs; and, given the weaknesses of social central planning, the totalitarian socialist state is a perfect captive market for monopoly capitalists, if an alliance can be made with socialist power brokers.”
Antony C. Sutton
Wall Street and the Bolshevik Revolution
Clearly the point above is that the idea that socialism and (finance) capitalism are arch enemies is ridiculous. In point of fact the purpose of finance capitalism (Corporatism) is to enrich itself via the means of socialism.
A couple of examples will begin to bring to light this reality.
How else, but as entitlement to the Oligarchy, does one view the FEDS lifting bad assets from private bank balance sheets? This is an entitlement for the International Money interest, is it not? This is a clear re-distribution of wealth upwards.
When we bail out mega companies from their private debt who’s money is committed to being the ‘lender of last resort’ but those of taxpayers?
In such a move we see a re-distribution of wealth upward from the have-nots to the haves.
Secondly by way of example, taxing the middle class income and using it to pay the interest on the Treasury bonds that make up the National debt is also and example of redistribution of wealth upwards where there oligarchs are enriched at the cost of the middle class. This is because the Treasury bonds that represent the National debt are held mostly by the wealthy companies, individuals, and nation states.
Socialism is NOT a boon to the lower class. Socialism is the way the Oligarchy fools the lower economic class into thinking they are trying to help them. In Socialism the Oligarchy (the International money interest) is helping and enriching themselves at the expense of the middle class. Socialism does not lower the gap between the Bourgeoisie and the proletariat. In point of fact Socialism widens the gap between the finance capitalist Corporatist class and the blue collar laboring class.