economics-books

"[...] limits on shareholder democracy correlate with both unusually good and unusually poor corporate performance [...], suggesting that democracy limits both extremes."

"Advertising is an important characteristic of modern capitalism and a contributory factor in the establishment and maintenance of monopoly positions."

"The most obvious negative feature of capitalism is that it can produce private monopolies that restrict output and thereby harm consumers."

"Severe inequality undermines political stability, and political stability is foundational for financial market development."

"These efforts to induce dissent in corporate boardrooms are likely to be unpopular with some CEOs, just as discussants and referees were initially controversial in academia. But opposition politicians, counterargument in courts, and referees do seem to deliver better decisions, and so might corporate boardrooms subjected to more shareholder democracy and accountability."

"There is no such thing as the silent majority because we control their cry and hue. The only thing that exists is an unthinking majority and unthinking they will remain, as long as their escape from our rigorous service is the opiate of our entertainment industry. By controlling industry, we have become the task masters and the people the slaves. When the pressure of daily toil builds to an explosive degree, we have provided the safety valve of momentary pleasure. The television and movie industries furnish the necessary temporary distraction. These programs are carefully designed to appeal to the sensuous emotions, never to the logical thinking mind. Because of this, the people are programmed to respond according to our dictates, not according to reason. Silent they never are; unthinking they will remain."

"At first, by controlling the banking system we were able to control corporation capital. Through this, we acquired total monopoly of the movie industry, the radio networks and the newly developing television media. The printing industry, newspapers, periodicals and technical journals had already fallen into our hands. The richest plum was later to come when we took over the publication of all school materials. Through these vehicles we could mold public opinion to suit our own purposes. The people are only stupid pigs that grunt and squeal the chants we give them, whether they be truth or lies."

"Prior to 1968, the gullible goy could take a one dollar Federal Reserve note into any bank in America and redeem it for a dollar which was by law a coin containing 412-1/2 grains of 90 per cent silver. Up until 1933, one could have redeemed the same note for a coin of 25-4/5ths grains of 90 per cent gold. All we do is give the goy more non-redeemable notes, or else copper slugs. But we never give them their gold and silver. Only more paper, he said contemptuously. We Jews have prospered through the paper gimmick. It's our method through which we take money and give only paper in return."

"Until recently, the pride of workmanship exceeded the quest for high incomes. However, we have been able to enslave society to our own power which is money, by causing them to seek after it. We have converted the people to our philosophy of getting and acquiring so that they will never be satisfied. A dissatisfied people are the pawns in our game of world conquest. Thus, they are always seeking and never able to find satisfaction. The very moment they seek happiness outside themselves, they become our willing servants."

"This attitude permeates our entire being and philosophy. We are not the creators for to create would only benefit another. We are the 'acquirers' and are interested only in satisfying the 'self.' To understand our philosophy would be to understand the term 'to get.' We never give but only take. We never labor but enjoy the fruits of others' labor. We do not create but confiscate. We are not the producers but the parasites. We can physically live within any society, but always remain spiritually apart. To work would be to produce and the highest form of that labor would be to create. Your race has always worked for the satisfaction of what it produces. We would never work for anyone's' benefit, only for what we can get. We have used this Aryan attitude to achieve our greatest prosperity. You will work for the enjoyment you derive out of producing, while never being concerned about the pay. We take your productivity for a paltry fee and turn it into fortunes."

"The American people have been easily ruled through our propaganda that the pen is mightier than the sword. We virtually get away with murder, and all the goy do is to talk about it, which is ineffective since we, the masters of propaganda, always publish a contradicting account. If the Aryan would review history and apply those lessons of the past, then the pen will be thrown down in disgust and the sword wielded in the heat of passion. Thus far, we have escaped the sword, when the only reprisal is some periodical of no repute, or some pamphlet with limited circulation. Their pen is no match for ours, but our constant fear is that they may open their eyes and learn that no change was ever brought about with a pen. History has been written in blood not with ink. No letter, editorial or book has ever rallied the people or stopped tyranny. We understand this principle and are continually propagandizing the people to write letters to the President, to Congress and to their local media. We are safe to continually exploit, intimidate and disenfranchise the white American as long as they are preoccupied with the illusion of educating the masses through printed material. Woe be unto us if they ever see the futility of it, lay down the pen and employ the sword."

"Our power has been created through the manipulation of the national monetary system. We authored the quotation, 'Money is power.' As revealed in our master plan, it was essential for us to establish a private national bank. The Federal Reserve system fitted our plan nicely since it is owned by us, but the name implies that it is a government institution. From the very outset, our purpose was to confiscate all the gold and silver, replacing them with worthless non-redeemable paper notes. This we have done!"

"It is our increase in the cost of capital that causes the inflation cycle. We do not labor or manage, and yet we receive the profits. Through our money manipulation, the capital that we supply industry costs us nothing. Through our national bank, the Federal Reserve, we extend book credit which we create from nothing to all local banks who are member banks. They in turn extend book credit to industry. Thus, we do more than God, for all of our wealth is created from nothing. You look shocked! Don't be! It's true, we actually do more than God. With this supposed capital we bring industry, management and labor into our debt, which debt only increases and is never liquidated."

"Labor would prosper as well, while the price of the product would remain constant, the prosperity of industry, labor and management would continually increase. We Jews glory in the fact that the stupid goy have never realized that we are the parasites consuming an increasing portion of production while the producers are continually receiving less and less."

"The examples are numerous, but a few readily apparent are the stocks and bonds market, all forms of insurance, and the fractional reserve system practiced by the Federal Reserve corporation, not to mention the billions in gold and silver that we have gained in exchange for paper notes, stupidly called money. Money power was essential in carrying out our master plan of international conquest through propaganda."

"We are the necessary element since we expend nothing. Management can create its own capital and keep the cream - the profits. Its business would grow and profits increase."

"Politically, they hail the blessings of democracy and never understand that through democracy we have gained control of their nation. * * Their book again teaches a benevolent despotic form of government in accordance with the laws of that book, while a democracy is a mob rule which we control through their Churches, our news media and economic institutions."

"Your people never realize that we offer them only worthless baubles that can not bring fulfillment. They procure one and consume it and are not filled. We present another. We have provided an infinite number of outward distractions, to the extent that life can not again turn inward to find its definite fulfillment. You have become addicted to our medicine through which we have become your absolute masters."

"Most Jews do not like to admit it, but our god is Lucifer."

"We are amazed by the Christians' stupidity in receiving our teachings and propagating them as their own. Judaism is not only the teaching of the synagogue, but also the doctrine of every 'Christian Church' in America. Through our propaganda the Church has become our most avid supporter. This has even given us a special place in society, their believing the lie that we are the 'chosen people' and they, gentiles. The gullible clergy in one breath instruct their parishioners that we are a special, chosen people while in another breath proclaim all races are the same. Their inconsistency is never discovered. So we Jews enjoy a special place in society while all other races are reduced to common equality."

"At my request, the Legislative Reference Service of the has prepared a study of Fascism in Action as an aid to the American citizen in protecting himself and his children against this most dangerous movement of modern times."

"Human life takes on great value only when it serves a state purpose. ...[T]he fascist citizen ...has a role to fill ...prescribed ...by the state. He is regimented... He must obey the injunctions of the state and its leaders... The state decides his living standards... He must submit to regulations, restrictions, and substitute diets... [of] the fascist controlled economy. Life consists of a multitude of duties and s... Failure to do one's part is... punishable by penalties designed to achieve obedience and conformity. ...[W]oe to him who criticizes or opposes the government or its representatives."

"[[Religion|[R]eligion]] does not escape regimentation. Because it causes the citizen to feel reverence for a Higher Power or Supreme Being above the state and... fuehrers; because it teaches faith, hope, charity, peace, humility before God but... defiance of earthly authorities when in conflict with Divine precepts; and because it preaches dignity of the individual... [it] becomes the object of attack."

"[T]he individual, his rights, privileges, freedom, and even existence itself are of secondary importance."

"[F]ascist leaders... use every instrument which will coerce people into obeying... propaganda and thought control... are... means of rationalizing acts of government... [and] devices for maximizing power."

"Compare... the democratic concepts... All men are created equal... endowed by their Creator with... Inalienable rights... life, liberty... pursuit of happiness. To secure these rights governments are instituted... deriving... just powers from the consent of the governed. ...[A] Nation "conceived in liberty and dedicated to the proposition that all men ore created equal." The state is not the master but the servant of the individual."

"The world today is faced with a dangerous manifestation of... fascism. ...[T]here is marked agreement as to its objective characteristics."

"[F]ascism... means... [e]very person must think and act at the command of a higher authority. Every school, church, home, and business is carefully controlled by the dominant party. The concentration camp or death await the citizen who offers opposition..."

"[F]ascism means the seizure and control of the economic, social, political, and cultural life of the state by a small group. Free speech, free press, free worship, and public meetings are ruthlessly suppressed. Blind obedience to the leader is demanded... and the slightest wavering means death or imprisonment... Restrictive policies may be carried on against... [one's] entire family. A fascist regime is... militaristic and nationalistic."

"[T]here are many strong symptoms of fascism in our own democratic society. ...[T]his movement in the United States masquerades under other names ...but ...its peculiar characteristics are alarmingly evident."

"[F]ascist philosophy regards the state as... in a conflict to achieve its ends. ...Hitler ...spoke to the workers of the Rheinmetall-Borsig plant ...December 10, 1940...We are involved in a conflict in which more than the victory of any one country or the other is at stake; it is rather a war of two opposing worlds."

"In theory... the and state are conceived as... inseparable... The state is a function of the people... It is the form in which the people attains to historical reality..."

"[F]ascism is a fighting philosophy... a power state seeking at all times to achieve the greatest possible physical might. ... Neither Mussolini nor Hitler was... inhibited in telling the world about the powerful military machines they were building. Even in peacetime they spoke of storm troopers, the battle of grain, and the labor front."

"In a speech... February 12, 1947, Senator Robert A. Taft summarized the democratic viewpoint...Liberty... means first, liberty of the Individual to choose his own occupation in life and to live and conduct his business as he sees fit so long as he does not thus interfere with the liberty of others; and second, the liberty of communities to govern themselves, to decide what the scope of their government activities shall be and how their children shall live and be educated. Equality means equal opportunity to get started in life, and equal justice under law before impartial s."

"[I]n Nazi Germany... General Erich von Ludendorff9 exclaimed "I reject Christianity because it is international, and because, in cowardly fashion, it preaches Peace on Earth." Oswald Spengler... speaks of "Catholic Bolshevism more dangerous than the anti-Christian" and argues that "all communist systems in the West are in fact derived from Christian theological thought."10 Alfred Rosenberg felt that "both the Catholic Church and the Evangelical Confessional Church, as they exist at present, must vanish from the life of our people."11"

"The roots of modern fascism, especially the German, and to a less degree the Italian, may be traced to nineteenth century thought. However, it is economically a contemporary manifestation of mercantilism; politically an for world conquest; and spiritually a quasi-religious cult with special symbols and ritual."

"[T]here is no fascist equivalent for the Communist program of (formerly the Third International), though the Axis alinement in the Second World War potentially had international aspects."

"In a narrow sense fascism is... the operation of the political, economic, and social institutions of the fascist state... [which] mobilizes all physical, social, and spiritual resources and activities... into a regimented whole. Primary emphasis is placed on power."

"This study of Fascism in Action... its scope and method were to conform in general to the earlier study, Communism in Action (H. Doc. No. 754, 79th Cong., 2d sess.), prepared at the instance of Representative Everett Dirksen, of Illinois."

"It lies within our power to defend our chosen democratic way of life against the attack of fascism, and the study Fascism in Action is offered as a weapon in that defense."

"This study is appropriate because of the many similarities between fascism and communism, some of which Representative , of Illinois, has recently listed as follows: 1. [W]iping out of all independent trade-unionism... [T]hose... permitted, exist only under the tolerance of the totalitarian state... as its servile adjuncts. 2. [[wikt:elimination#Noun|[E]limination]] of political parties except the ruling... Party. 3. [[wikt:subordination#Noun|[S]ubordination]] of all economic and social life to the strict control of the ruling, single-party bureaucracy. 4. [[Suppression|[S]uppression]] of individual initiative... liquidation of... free enterprise, and a tendency toward government control of supers. 5. [[wikt:abolition#Noun|[A]bolition]] of the right to freedom of speech, press, assembly, and religious worship. 6. [[wikt:diminution#Noun|[R]eduction]] of wages and... living standards. 7. [[Slavery|[S]lave labor]]... and... concentration camps. 8. [[wikt:abolition#Noun|[A]bolition]] of the right to trial by jury, , the right to independent defense counsel, and the innocence of the defendant until proven guilty. 9. [[wikt:glorify#English:_baseless_magnification|[G]lorification]] of a single Leader or or ... all-powerful and subject neither to criticism nor removal through the ballot. 10. [U]tilization of... social demagogy—...[e.g.,] of race against race and class against class—the elimination of all opposition, and the concentration of power... dictatorship. 11. [[wikt:subordination#Noun|[S]ubordination]] of... life and... needs... to the... expanding military machine seeking world conquest. 12. ...Nation-wide espionage to which the entire population is subject. 13. [[wikt:sever#English:_legal_termination|[S]ever]]ance of social, cultural, and economic contact between the people of the totalitarian state and those of other countries, through... censorship, travel restrictions, etc. 14. [[wikt:disregard#Noun|[D]isregard]] for the rights of other nations and... treaties. 15. [M]aintenance and encouragement of s abroad. 16. [[wikt:diminution#Noun|[R]eduction]] of parliamentary bodies to... automatically approving all decisions of the one-party dictatorship and... omnipotent Leader."

"Dr. Douglas M. Kelley has recently written 22 Cells in Nuremberg, a study in psychiatric terms of the Nazi defendants in the . ...[H]e describes his discovery, upon returning to America... that the same prejudices expressed in the same terms... were current in this country. He said:We can find the same ideas thinly veiled in our public press today. Even worse, we find some of our top political men, members of our highest governing bodies, making statements which would do credit to Rosenberg, Hitler, or Goebbels. ...I am convinced that there is little in America today which could prevent the establishment of a Nazi-like state."

"Communism frowns on private property, and nationalizes industries, banks, agricultural land, and all... property which may represent wealth. ...[F]ascism ...reprivatizes previously nationalized businesses, encourages s, and develops large private property holdings, especially in industry ...to simplify ...fascist control of the economy... [L]arge property holders... become members of the ruling elite."

"Communist agriculture tends to be state owned, operated, and directed, principally... collective farms, while fascist agriculture generally is built around an agriculture class, owning or leasing its land and producing according to a state program."

"Nowhere is the similarity of fascism and communism more clearly revealed than in their very close cooperation for aggression upon other states."

"Fascism... is... a philosophy and a way of life which requires... followers serve the state with an unwavering faith and... unquestioning obedience. It makes fanaticism a virtue and weaves ideological concepts about the doctrines of race supremacy, the leadership principle, rule by an elite class, government under a single political party, the acquisition of living space, a totalitarian state, and the use of force as an instrument of national policy."

"To many, fascism, particularly as it operated in Germany, seemed a model of order and efficiency. ...But the cost to the individual was heavy. The price was abolition of representative government, of individual liberty, of the rights of free speech, free assembly, free religion, a free press, and the principle of equality before the law."

"All fascist thought starts from... [an] idea... that "a people" form a "natural community" which "becomes conscious of its solidarity and strives to form itself, to develop itself, to defend itself, to realize itself." The nation and state... become the vehicles by which a people reaches its goals."

"[T]he state is the most important power in all fascist thought and action. Everything must be subordinated to the state and... assist in promoting state ends... the... fascist program and world outlook (Weltanschauung)... [T]his reduces... to government by party leaders and small influential groups... as Junkers military officials, industrialists, and revolutionary juntas."

"Democracy and efficiency are compatible, but insinuations that we must choose between democratic participation ...and efficient government often emanate from fascist sources."