Tuesday, March 5, 2013

Harry Dexter White

If you don't get the connection with the illustration, read Animal Farm.

Too many of us on the right tend to think that the world is divided between freedom-loving capitalists and freedom-hating communists.  It's not that simple.  Oh, communists are pretty much freedom-hating, that's true enough, no matter what Dennis Rodman might think.  But it's the other side, the "capitalists," who are a tad more devious than that.  "Capitalist" means two basic things, which confuses the issue to begin with.  A capitalist can be A. a believer in the moral superiority of a more or less free-market economic system, or B. someone who makes a living by investing in that system, or a partially free-market system.  Sometimes a person is both, sometimes the guy who makes a living that way really would prefer an unfree system.  George Soros springs to mind.  Quick, name a pro-freedom person (other than one of the Koch brothers) who has a lot of money.  Not easy, is it?  Actually, most of the supporters of free enterprise are middle-class people.  Too many of the rich feel that they have theirs, so they want a system in place to protect their wealth and power from competition.  That's why so many Wall Street swine give money to Obama.  They don't want freedom, but security.  They're paying protection, or actively participating in the big scam.

So when you think that we have to defend the current system from the Obamas and their ilk, think again.  The current system produced those people, and will continue to produce them.  And there's nothing new about it.  Our system produced Harry Dexter White (I always assumed he was a New England old-money WASP, but he wasn't.), and Harry Dexter White refined that system to further his communist ideology.  This from the Daily Mail:

The banker who shaped the modern financial world after WWII was a Soviet spy who wanted America to become communist

  • Harry Dexter White represented U.S. at Bretton Woods conference in 1944
  • Helped create the institutions which led to capitalism taking over the world
  • But he harboured communist views and dreamed of Soviet domination


PUBLISHED: 02:42 EST, 5 March 2013 | UPDATED: 07:34 EST, 5 March 2013

Harry Dexter White was the architect of the post-war financial system, which paved the way for the West to dominate the 20th century and win the Cold War.

But it has now emerged that the brilliant economist was in fact a staunch anti-capitalist who privately praised the Soviet Union's communism.

Documents unearthed at Princeton University prove that, although White devoted his life to strengthening western capitalism, he secretly despised the system he had created and believed it would eventually be overtaken by the state-controlled economy of the USSR and its allies.

The flawed genius did not live long enough to find out just how wrong he was, as he died in 1948, before both the decades-long boom enjoyed by the U.S. and Europe and the slow decline of the East.

The astonishing revelation of White's communist sympathies finally explains why he agreed to spy on his own country for the Soviets even while representing America at the 1944 Bretton Woods conference which would determine the post-war economic order.

Even though the conference ensured a postwar global financial climate dominated by the American dollar, White is thought to have been feeding information to Moscow for years.
While White's espionage has been an open secret and acknowledged by Presidents from Truman to Nixon, historian Benn Steil discovered new notes from the economist's Princeton archives dating from 1944 - when he was at the height of his powers in the administration of President Roosevelt.

1 comment:

  1. I read the article a couple days back, it's great. I may do a video about this... it's reminiscent of something Chuck at SFDebris said regarding the Borg from Star Trek: "They contain the worst elements of Communism and Capitalism." I think there's some memetic DNA in common to both ideologies.