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Wall Street and FDR - The True Story of How Franklin D. Roosevelt Colluded with Corporate America (Paperback, New edition)
Loot Price: R400
Discovery Miles 4 000
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Wall Street and FDR - The True Story of How Franklin D. Roosevelt Colluded with Corporate America (Paperback, New edition)
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Loot Price R400
Discovery Miles 4 000
Expected to ship within 12 - 17 working days
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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. This classic study - first
published in 1975 as the conclusion of a key trilogy - is
reproduced here in its original form. (The other volumes in the
series are Wall Street and the Rise of Hitler and Wall Street and
the Bolshevik Revolution.)
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