Franklin D. Roosevelt in an April 29, 1938 message to Congress warned that the growth of private power could lead to fascism: "The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism—ownership of government by an individual, by a group, or by any other controlling private power."
In 1933, there was an alleged conspiracy to overthrow President Franklin D. Roosevelt by military coup. This was known as the Business Plot, because it involved the industrial and financial elite whose interests were supposedly threatened by the New Deal. The Business Plot became known to the public when retired Marine Corps General Smedley Butler testified to the McCormack-Dickstein Committee of the U.S. Congress that he had been approached by a group of wealthy business interests, led by the Du Pont and J. P. Morgan industrial empires, to orchestrate a fascist coup against Roosevelt.
In 1933, there was an alleged conspiracy to overthrow President Franklin D. Roosevelt by military coup. This was known as the Business Plot, because it involved the industrial and financial elite whose interests were supposedly threatened by the New Deal. The Business Plot became known to the public when retired Marine Corps General Smedley Butler testified to the McCormack-Dickstein Committee of the U.S. Congress that he had been approached by a group of wealthy business interests, led by the Du Pont and J. P. Morgan industrial empires, to orchestrate a fascist coup against Roosevelt.
Now the wealthy elite use corporate lobbying to control government officials. The government of the state no longer reflects what the people want, but what the top corporations want.
The City of London is a small area in the centre of London UK that operates under a separate system to the rest of the country. English secretive trust laws and strong libel laws are two factors that make the City a lucrative environment for money laundering and assets to be sheltered from tax, free from examination by law enforcement agencies by maintaining plausible deniability.
The power and influence of the City over government policy has enraged democratically elected leaders down the ages. Voting rights for the City of London’s municipal authority are granted to its 32,000 businesses in addition to residents which now number fewer than 12,000. This unique patronage system ensures that business interests usually take priority. Despite this, multiple attempts to reform the City have been thwarted, and maintaining these privileges is the role of an unelected official lobbyist in Parliament called the Remembrancer.
Former British Prime Minister Clement Attlee wrote “Over and over again we have seen that there is in this country another power than that which has its seat at Westminster. The City of London, a convenient term for a collection of financial interests, is able to assert itself against the Government of the country. Those who control money can pursue a policy at home and abroad contrary to that which has been decided by the people."
The Tax Justice Network describes the City of London as “the biggest tax haven in the world” as well as ‘a state within a state’. Ian Doyle and Jem Bendell, summarise these claims with the following statement: the City “is the most powerful lobby in Britain and possibly the world, and as a result . . . exerts enormous political influence to resist regulation and extract tax exemption. It has fostered criminality by ensuring that the City ranks amongst the least accountable of financial centres on the face of the Earth”. The novel Golden Handcuffs by Polly Courtney draws on the author's experiences of working in investment banking.
Annika
No comments:
Post a Comment