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Though he was a prolific author, Professor Sutton will always be remembered by his great trilogy: Wall St. and the Bolshevik Revolution, Wall St. and the Rise of Hitler, and Wall St. and FDR.This is a trilogy describing the role of the American corporate socialists, otherwise known as the Wall Street financial elite or the Eastern Liberal Establishment, in three significant twentieth-century historical events: the 1917 Lenin-Trotsky Revolution in Russia, the 1933 election of Franklin D. Roosevelt in the United States, and the 1933 seizure of power by Adolf Hitler in Germany.Each of these events introduced some variant of socialism into a major country - i.e., Bolshevik socialism in Russia, New Deal socialism in the United States, and National socialism in Germany.Contemporary academic histories, with perhaps the sole exception of Carroll Quigley's Tragedy And Hope, ignore this evidence. On the other hand, it is understandable that universities and research organizations, dependent on financial aid from foundations that are controlled by this same New York financial elite, would hardly want to support and to publish research on these aspects of international politics. The bravest of trustees is unlikely to bite the hand that feeds his organization.It is also eminently clear from the evidence in this trilogy that "public-spirited businessmen" do not journey to Washington as lobbyists and administrators in order to serve the United States. They are in Washington to serve their own profit-maximizing interests. Their purpose is not to further a competitive, free-market economy, but to manipulate a politicized regime, call it what you will, to their own advantage.Periodic crises and wars are used to whip up support for other plunder-reward cycles which in effect tighten the noose around our individual liberties. And of course we have hordes of academic sponges, amoral businessmen, and just plain hangers-on, to act as non-productive recipients for the plunder.Stop the circle of plunder and immoral reward and elitist structures collapse. But not until a majority finds the moral courage and the internal fortitude to reject the something-for-nothing con game and replace it by voluntary associations, voluntary communes, or local rule and decentralized societies, will the killing and the plunder cease.
THIS is the first volume, time period 1917-1930, of an empirical study of the relationship between Western technology, entrepreneurship and the economic growth of the Soviet Union.By far the most significant factor in the development of the Soviet economy has been its absorption of Western technology and skills. The continuing transfer of skills and technology to the Soviet Union through the medium of foreign firms and engineers in the period 1917 to 1930 can only be characterized as extraordinary.
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