Wall Street and FDR 3

Given that “progressives” are once again a rising force in US politics, it’s a good idea to revisit the work of Antony Sutton and his critique of FDR. Bernie Sanders is really just a recycled Rooseveltian, and I’ve even heard a lot of commentators I like (Jimmie Dore, Kim Iversen, Caleb Maupin) calling for a new Roosevelt in this time of Great Depression-era class divisions and, with the present crisis, a possible Great Depression Two. FDR was not a hero who saved the working class from the Depression. He was a tool of the banksters who saved the ruling class from the working class.

Available from Goodreads.


Franklin D. Roosevelt is frequently described as one of the greatest presidents in American history, remembered for his leadership during the Great Depression and Second World War. Antony Sutton challenges this received wisdom, presenting a controversial but convincing analysis. Based on an extensive study of original documents, he concludes that: * FDR was an elitist who influenced public policy in order to benefit special interests, including his own. * FDR and his Wall Street colleagues were ‘corporate socialists’, who believed in making society work for their own benefit. * FDR believed in business but not free market economics. Sutton describes the genesis of ‘corporate socialism’ – acquiring monopolies by means of political influence – which he characterises as ‘making society work for the few’. He traces the historical links of the Delano and Roosevelt families to Wall Street, as well as FDR’s own political networks developed during his early career as a financial speculator and bond dealer. The New Deal almost destroyed free enterprise in America, but didn’t adversely affect FDR’s circle of old friends ensconced in select financial institutions and federal regulatory agencies. Together with their corporate allies, this elite group profited from the decrees and programmes generated by their old pal in the White House, whilst thousands of small businesses suffered and millions were unemployed. Wall Street and FDR is much more than a fascinating historical and political study. Many contemporary parallels can be drawn to Sutton’s powerful presentation given the recent banking crises and worldwide governments’ bolstering of private institutions via the public purse.

The War within the Democratic Party: The Managerial Elite vs. the New Class? Reply

Anyone who is familiar with my writings knows that I am a vengeful hater of the neocons. However, one thing the neocon godfather Irving Kristol (father of Bill Kristol, of “benevolent global hegemony” scumbaggery fame) may have gotten right is his analysis of what the called the “new class.” Kristol was an opponent of James Burham’s managerial revolution theory (because as a Trotskyist-turned-right-wing social democrat Kristol was a fan of the FDR-era managerial revolution) but advanced the view that the Great Society/New Left-era produced a “new class” (which the uber-Zionist, Russia-hating socially conservative Kristol despised) that was an insurgent force within the US state. I actually think there is something to be said for Kristol’s perspective on the new class. But I would be inclined to argue that Burnham was correct in his assessment of the managerial revolution’s dethronement of the old bourgeoise, with the new class subsequently being an insurgency within the lower strata of the managerial elite. The present-day battle between neoliberals (overlords of the managerial apparatus) and social democrats (administrators of the managerial apparatus) makes a lof sense when viewed in this context. Dan McCarthy explains Kristol’s theory in the article below.

By Daniel McCarthy

The American Conservative

Shock gave way to relief this summer as America’s political establishment—rattled by Donald Trump’s success in winning the Republican nomination—reassured itself of his inevitable defeat come November. For a moment Trump seemed to have created a new style of politics, one that threatened to mobilize working-class voters against the establishment in both parties. But in the weeks following the Democratic National Convention, as Hillary Clinton’s poll numbers remained comfortably ahead of Trump’s, pundits discounted the risk of class war.

Trump’s voters were not really so hard hit anyway, a report by Gallup claimed. “His supporters are less educated and more likely to work in blue collar occupations,” wrote Jonathan Rothwell, a senior economist at the polling firm, “but they earn relative[ly] high household incomes, and living in areas more exposed to trade or immigration does not increase Trump support.” Trump’s voters were most strongly characterized by their “racial isolation”: they live in places with little ethnic diversity. Thus race, not class, explains the 2016 election—or so outlets like Vox and the Washington Post concluded.

But there’s another side to the Trump phenomenon that is less about Trump or his voters than about the elites they are against. Resistance to the bipartisan establishment keeps growing, and even if Trump loses to Clinton in a landslide, he has carried the rebellion further than ever before by winning a major party’s nomination.


As Trump signals readiness to break with experts, his online base assails Fauci Reply

I’m certainly not a Trumpian, but I don’t trust Fauci, either. For decades, he has always struck me as one of the High Priests of the therapeutic state’s white coat priesthood.

By Isaac Stanley-Becker

Washington Post

A cadre of right-wing news sites pulled from the fringes in recent years through repeated mention by President Trump is now taking aim at Anthony S. Fauci, the ­nation’s top infectious diseases ­expert, who has given interviews in which he has tempered praise for the president with doubts about his pronouncements.

Although both men are seeking to tamp down the appearance of tension — “Great job,” Trump commended the doctor during the White House’s briefing on Tuesday — the president is increasingly chafing against medical consensus. He has found support from a chorus of conservative commentators who have cheered his promise to get the U.S. economy going again as well as his decision to tout possible coronavirus treatments not yet approved by the U.S. Food and Drug Administration.

“The president was right, and frankly Fauci was wrong,” Lou Dobbs said Monday on his show on the Fox Business Network, referring to the use of experimental medicine.


The Left Is Angry Over MSNBC Fake News: Call For Resignations And A New News Network Reply

The ongoing falling out between the Left and the neoliberals is a great thing to behold. This is the real future of the Left/Right battle in the US, i.e. social democrats vs neoliberals with the neoconservative-turned-faux populist Republicans increasingly becoming a fringe right-wing party as their demographic base continues to shrink, although look for the GOP to move leftward on some issues (probably with some centrist-liberal/quasi-populist/business-labor coalition Christian Democrat-like economic gestures) as they try to play the neoliberals and social democrats against each other.

By Dana Sanchez



Some MSNBC commentators are under fire by the left for harsh criticism of Sen. Bernie Sanders, with at least one call on social media for a national TV network that serves “the actual left.”

MSNBC’s Chris Matthews is facing calls to resign after he compared Bernie Sanders’ victory in the Nevada caucus to the Nazi invasion of France, Newsweek reported. Sanders won the Nevada Democratic caucuses with 47 percent of the vote.

There were calls for MSNBC to stop comparing the campaign of a Jewish presidential candidate whose family members were wiped out by the Nazis to the Third Reich.


‘Suspend enforcement’: Georgia lawmaker wants to loosen gun control laws amid coronavirus outbreak Reply

The Left is right to call for the release of prisoners. The Right is correct to call for loosening gun laws.
Dominick Mastrangelo
Washington Examiner
a close up of a person wearing a suit and tie
“We need to suspend enforcement, especially during the state of emergency, when so many individuals need to be able to defend themselves and their families and their loved ones and their property,” said Republican state Rep. Matt Gurtler, according to GBP Radio.

Under the current public health emergency declared in Georgia, Republican Gov. Brian Kemp can override state laws. Gurtler wants Kemp to suspend enforcement of certain gun restrictions in the state.

Under current state law, Georgia residents need a permit to carry a concealed weapon.


British PM Boris Johnson self-isolates after testing positive for coronavirus 1

First, Prince Charles and, now, Bojo. Apparently, the coronavirus doesn’t like the British state.

By Guy Faulconbridge and Kate Holton
Boris Johnson wearing a suit and tie: Spread of the coronavirus disease (COVID-19) in London

LONDON, March 27 (Reuters) – British Prime Minister Boris Johnson said on Friday he had tested positive for coronavirus and was self-isolating at Downing Street but would still lead the government’s response to the accelerating outbreak.

Johnson, 55, experienced mild symptoms on Thursday – a day after he answered at the prime minister’s weekly question-and-answer session in parliament’s House of Commons chamber.

“I’ve taken a test. That has come out positive,” Johnson said in a video statement broadcast on Twitter. “I’ve developed mild symptoms of the coronavirus. That’s to say – a temperature and a persistent cough.


Indigenous tribes in India battle to save their home from Adani Reply

By Brian Gassey

The Guardian

Australian photographer Brian Cassey visits Hasdeo Arand, one of the largest contiguous stretches of dense forest in central India. The area is rich in biodiversity, containing many threatened species including elephants, leopards and sloth bears. A rash of newly approved mines could further destroy swathes of the Hasdeo Arand forest – and with it the wildlife local villagers depend on for survival.


Brazil’s Yanomami people victims of illegal gold rush in Amazon rainforest Reply

France 24

In the northern Brazilian state of Roraima, more and more illegal gold miners are invading indigenous land. This gold rush comes with the blessing of Brazil’s President Jair Bolsonaro. Our reporters Fanny Lothaire and Laura Damase investigated the illegal activities and met the Yanomami Indians who are fighting to defend their ancestral land in the Amazon rainforest.

“There are 20,000 invaders on our land today! We are constantly afraid,” Marinaldo, a Yanomami Indian chief, explains from his threatened reserve. His land is located in Roraima state in the far north of Brazil, right in the middle of the Amazon rainforest.

The Yanomami – “human beings” in their ancestral language – have feared for their lives since 2011 and the invasion of the “garimpeiros”, illegal gold miners who come to extract the precious metal hidden under a layer of Amazonian flora and fauna. Gold has become a major export of Roraima state, even though not a single legal mine is operating.

In Boa Vista, the capital of Roraima state, jewellery stores and shops selling raw gold are widespread. The federal police have arrested a few retailers to keep up appearances, but gold businesses are well established despite being completely illegal.


Anarchy in Albion: Building utopia in the heart of Yorkshire Reply

Freedom News

I often seek solace at the Brotherhood Church.

This may sound like an odd statement for an anarchist, but — despite its name — I am not referring to some religious cult or new-age retreat. I am talking about a Tolstoy-inspired, anarchist commune which has stood in defiance of authoritarianism, ecological decline and warfare for the best part of 100 years. It is an incredibly diverse ecological paradise, which meets the needs of people and wildlife alike. As an urban farmer, it never fails to inspire and enlighten me.

Remains of the Peace Pledge Union Film Van

The Brotherhood Church lies in the pastoral village of Stapleton, North Yorkshire, but its story begins 300 miles away in the Northern Irish market town of Limavady. Inspired by the political views expressed in Henry George’s 1879 treatise Progress and Poverty, the well-formed utopian vision of Edward Bellamy, and the spiritual teachings of Leo Tolstoy, a young Congretionalist minister named J. Bruce Wallace began to produce a weekly publication called The Brotherhood. First published in 1887, a year after Peter Kropotkin and Charlotte Wilson stated Freedom, Wallace’s publication celebrated a range of anarchist, socialist, communist and Christian socio-economic philosophies. The Brotherhood would be the first British publication to serialise Edward Bellamy’s utopian science fiction novel Looking Backwards: 2000-1887; the book which is directly credited with inspiring Sir Ebenezer Howard’s Garden City movement.


1919: When the Bolsheviks Turned on the Workers Reply


One hundred years ago in Russia, thousands of workers were on strike in the city of Astrakhan and at the Putilov factory in Petrograd, the capital of the revolution. Strikes at the Putilov factory had been one of the principal sparks that set off the February Revolution in 1917, ending the tsarist regime. Now, the bosses were party bureaucrats, and the workers were striking against a socialist government. How would the dictatorship of the proletariat respond?

Following up on our book about the Bolshevik seizure of power, The Russian Counterrevolution, we look back a hundred years to observe the anniversary of the Bolshevik slaughter of the Putilov factory workers who had helped to bring them to power. Today, when many people who did not live through actually existing socialism are propagating a sanitized version of events, it is essential to understand that the Bolsheviks meted out some of their bloodiest repression not to capitalist counterrevolutionaries, but to striking workers, anarchists, and fellow socialists. Those who do not remember the past are condemned to repeat it.

If you find any of this difficult to believe, please, by all means, check our citations, consult the bibliography at the end, and investigate for yourself.


America Is a Sham Reply

By Dan Kois


A long line of passengers wait to enter security screening at an airport.

Maybe it will be the hand sanitizer that finally exposes the sham.

The Transportation Security Administration announced Friday that due to the coronavirus outbreak, it’s waiving the familiar 3.4-ounce limit for liquids and gels—for hand sanitizer only.* You may now bring a bottle of Purell as large as 12 ounces onto the plane to assist in your constant sanitizing of yourself, your family, your seat, your bag of peanuts, and everything else. All other liquids and gels, however, are still restricted to 3.4 ounces.

Among many shocks of the past week—school closures, Tom Hanks, the shuttering of one sports league after another—this rule change registers as major. The liquid restriction has been a key component of air travel ever since 2006. If people are now allowed to bring 12-ounce bottles of hand sanitizer onto planes, won’t the planes blow up?


What to do About the Corona Crisis? Reply


One crisis chases the next. We are constantly being confronted with new threat scenarios. In our pursuit of security, we accept restrictions on our freedom all too easily and enable state and capitalist monitors to control and examine every aspect of our everyday life. Most people believe everything they read on the internet or see on TV way to easily. And “that fear pays off is an age-old knowledge” was already stated by Professor of Sociology Jörg Schindler in his book “Panikmaking”. Even the state philosopher Niccolo Machiavelli advised the powerful to spread fear rather than benefits – it was “much safer to be feared than to be loved”. A recommendation that not only the rulers follow. Too much money can be made by unsecuring the masses. Food and pharmaceutical corporations, as well as insurance companies are currently recording astronomical profits, while dozens of medium-sized and small companies have to introduce short-time work or even close it. More…

Don’t Let Panic Force You to Support a Growing Fascist Police State Reply

By Ahjamu Umi


Its important to contextualize what’s happening throughout the world today with the challenges facing us from the potential  growth of COVID 19.  If what we are learning is true, this virus has devastating capacity.  Even if you are healthy and strong, you can hold the virus, without knowing it, for up to a fourteen day incubation period.  During that time, you can unknowingly pass the virus on to countless people who do not have the benefit of a strong immunity system.  This is an unprecedented element that forced me to start thinking isolation, despite the fact I’m really not concerned about the virus as it relates to impacting my body.

Those are obviously real concerns.  Its also worth repeating that millions of colonized and oppressed people across the world are forced daily to live under martial law conditions.  Empty shelves at stores.  Restricted movement.  Lack of food and healthcare resources.  In countries like Zimbabwe, Iran, Cuba, and Venezuela, these stark conditions result in large part due to U.S. led capitalist economic sanctions against them for refusing to tow capitalism’s line.  In other parts of the world the exploitative nature of capitalist dominated production of goods and services continues to maintain this system of very few haves, and millions of have nots. 


It’s Not Socialism. It’s Another Mega Wealth Transfer. Reply

Noam Chomsky has it right when he says that “capitalism” amounts to “socialism for the rich” with austerity, “market discipline,” and bootstraps for everyone else.

By Craig Murray

Amid the COVID-19 panic, it has hardly been noticed that Carphone Warehouse went bust, with 2,900 people losing their jobs. Its co-founder, David Ross, is of course the billionaire that Boris Johnson claimed paid for his luxury holiday to Mustique, whereas Ross claimed he only organised it. Who actually paid is one of those Johnson peccadilloes, like the promotion of Jennifer Arcuri, the Garden Bridge fiasco, the Guppy conversation over beating up Stuart Collier, the Russian Influence report, the question of how many children he really has – I could go on rather a long while here – which will be discreetly downplayed by the state and media nexus.

Ross, like Branson and so many others of the “entrepreneurs” that we are taught to worship, came from a very wealthy background and had the great advantages of capital and connections to boost him up the ladder. To be fair to Ross, unlike for example Philip Green, there is no suggestion that he made his fortune from Carphone Warehouse by systematic asset-stripping. What he did do, which is typical of capitalism today, is with the other directors systematically and legally remove capital as it accumulated from the company into their own personal bank accounts. In the long term this left Carphone Warehouse unable to restructure and adapt to changed market conditions, which it needed to do, as its High Street model failed for reasons unrelated to the current health crisis. Ross also had illegally used his shares as collateral for £162 million of personal loans, for which this major Tory party donor has inexplicably never been prosecuted.


Beyond the Economic Chaos of Coronavirus Is a Global War Economy Reply

It’s time for a global insurgency against states and ruling classes everywhere.

By William I. Robinson


What does a virus have to do with war and repression? The coronavirus has disrupted global supply networks and spread panic throughout the world’s stock markets. The pandemic will pass, not without a heavy toll. But in the larger picture, the fallout from the virus exposes the fragility of a global economy that never fully recovered from the 2008 financial collapse and has been teetering on the brink of renewed crisis for years.

The crisis of global capitalism is as much structural as it is political. Politically, the system faces a crisis of capitalist hegemony and state legitimacy. As is now well-known, the level of global social polarization and inequality is unprecedented. In 2018, the richest 1 percent of humanity controlled more than half of the world’s wealth while the bottom 80 percent had to make do with just 4.5 percent of this wealth. Such stark global inequalities are politically explosive, and to the extent that the system is simply unable to reverse them, it turns to ever more violent forms of containment to manage immiserated populations.

Structurally, the system faces a crisis of what is known as overaccumulation. As inequalities escalate, the system churns out more and more wealth that the mass of working people cannot actually consume. As a result, the global market cannot absorb the output of the global economy. Overaccumulation refers to a situation in which enormous amounts of capital (profits) are accumulated, yet this capital cannot be reinvested profitably and becomes stagnant.


Thoughts on the Corona regime Reply


Corona has taken over. Despite the fear and panic (or even denial) that has taken hold, one thing is for sure: the cracks of the system are emerging for all to see.

How can the left respond in a way that dodges the minefield of strengthening the state, at the same time as ensuring that people are being put before profits? How can self-organised activity, like the community groups that are popping up to help vulnerable people, be facilitated and crucially, be used as vehicles to get our demands met? It’s all very well to reiterate demands, such as for a universal basic income, as well as push for new ones, such as full-waged sick pay from day one. But the question always is: how do we enforce it?

We could simply rely on the fact that a crisis means extraordinary measures are implemeted from the top. We can only capitalise on the shakiness of global capitalism and this pandemic to push for a more equal society if we have a real grassroots power – that extends from mutual aid to workplaces. This means getting rooted in the longer term in our communities – inside and outside the workplace walls. To those ends, AngryWorkers have written a book about what this could actually look like, based on our experiences over the last six years in west London. There are no shortcuts!

Order our book here and come meet us (from a safe distance obvs!)
You can read our introductory chapter here: www.classpower.net
Check out our short promo video on our facebook page: https://en-gb.facebook.com/angryworkersworld/

Book plug over (!), we now present some further thoughts about the various facets of this health (and economic) crisis. There’s so much to discuss that it can all get pretty overwhelming. So we thought it would be useful to set out the following categorisations as a possible structure for the ongoing public debate – with the help of comrades. The various aspects are:


Josiah Warren, the Most Practical Anarchist Reply

It’s time for anarchists to stop wasting time arguing over the capitalism/socialism false dichotomy. “Neither statism nor corporatism” should be our economic battle cry. The real divide is between order-givers and order-takers, and between the power elite and those who are subordinated to the power elite.

By David S. D’Amato


Defying categorization as a socialist or capitalist thinker, Josiah Warren was staunchly individualist—distrustful of institutions like states that subsumed individuals into “combinations.”

Josiah Warren was born in Boston, Massachusetts, in 1798. His biographer, the anarchist writer William Bailie, notes that he was “of historically famous Puritan stock”—a relative of General Joseph Warren, one of the heroes of the Battle of Bunker Hill. Historian James J. Martin states that this relation “appears to be a romanticism unfounded on available sources Warren’s own son, George, leaves mention of any such relation out of his account. In any case, Warren became deservedly famous in his own right, as we shall see. Warren was “our most practical anarchist,”1 “a genuinely universal man” whose “philosophy had always been that the best way to understand a process was to learn to do it.”2 He was a talented professional musician, a successful inventor, a teacher, an entrepreneur, and a social theorist and experimenter. Often credited as the first American anarchist, Warren articulated a libertarian vision that married his arch-individualism to what he called “equitable commerce,” in which smallholders and craftspeople would exchange equal values—those values being defined by the amount of labor time invested.


An Anarchist Programme Reply

A classical anarchist manifesto from 1920.

By Errico Malatesta

Anarchist Library

1. Aims and Objectives

We believe that most of the ills that afflict mankind stem from a bad social organisation; and that Man could destroy them if he wished and knew how.

Present society is the result of age-long struggles of man against man. Not understanding the advantages that could accrue for all by cooperation and solidarity; seeing in every other man (with the possible exception of those closest to them by blood ties) a competitor and an enemy, each one of them sought to secure for himself, the greatest number of advantages possible without giving a thought to the interests of others.

In such a struggle, obviously the strongest or more fortunate were bound to win, and in one way or another subject and oppress the losers.

So long as Man was unable to produce more than was strictly needed to keep alive, the conquerors could do no more than put to flight or massacre their victims, and seize the food they had gathered.

Then when with the discovery of grazing and agriculture a man could produce more, than what he needed to live, the conquerors found it more profitable to reduce the conquered to a state of slavery, and put them to work for their advantage.

Later, the conquerors realised that it was more convenient, more profitable and certain to exploit the labour of others by other means: to retain for themselves the exclusive right to the land and working implements, and set free the disinherited who, finding themselves without the means of life, were obliged to have recourse to the landowners and work for them, on their terms.

Thus, step by step through a most complicated series of struggles of every description, of invasions, wars, rebellions, repressions, concessions won by struggle, associations of the oppressed united for defence, and of the conquerors for attack, we have arrived at the present state of society, in which some have inherited the land and all social wealth, while the mass of the people, disinherited in all respects, is exploited and oppressed by a small possessing class.