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German, not the American, members. Among these Germans was Max Ilgner, director of
the I.G. Farben N.W. 7 office in Berlin, i.e., the Nazi pre-war intelligence office. If the
directors of a corporation are collectively responsible for the activities of the corporation,
then the American directors should also have been placed on trial at Nuremburg, along with
the German directors that is, if the purpose of the trials was to determine war guilt. Of
course, if the purpose of the trials had been to divert attention away from the U.S.
involvement in Hitler's rise to power, they succeeded very well in such an objective.
Footnotes:
1
German firms have a two-tier board of directors. The Aufsichsrat concerns
itself with overall supervision, including financial policy, while the Vorstand is
concerned with day-to-day management.
2
Taken from Der Farben-Konzern 1928, (Hoppenstedt, Berlin: I928), pp. 4-5.
3
Elimination of German Resources, p. 943.
4
Ibid, p. 945.
5
New York Times, October 21, 1945, Section 1, pp. 1, 12.
6
Ibid, p. 947.
7
Elimination of German Resources.
8
Bernhard is today better known for his role as chairman of the secretive, so-
called Bilderberger meetings. See U.S. Congress, House of Representatives,
Special Committee on Un-American Activities, Investigation of Nazi
Propaganda Activities and Investigation of Certain other Propaganda
Activities. 73rd Congress, 2nd Session, Hearings No. 73-DC-4. (Washington:
Government Printing Office, 1934), Volume VIII, p. 7525.
9
Ibid p. 949.
10
Ibid p. 952.
11
Ibid p. 1293.
12
Ibid p. 954.
13
Ibid p. 954.
14
Ibid, pp. 954-5.
15
U.S. Congress. House of Representatives, Special Committee on Un-
American Activities, Investigation of Nazi Propaganda Activities and
Investigation of Certain Other Propaganda Activities, op. cit.
16
Ibid, p. 178.
17
Ibid, p. 183.
18
Ibid, p. 188.
BACK
CHAPTER THREE
General Electric Funds Hitler
Among the early Roosevelt fascist measures was the National Industry
Recovery Act (NRA) of June 16, 1933. The origins of this scheme are worth
repeating. These ideas were first suggested by Gerard Swope of the General
Electric Company ... following this they were adopted by the United States
Chamber of Commerce .... (Herbert Hoover, The Memoirs of Herbert Hoover:
The Great Depression, 1929-1941, New York: The Macmillan Company, 1952,
p. 420)
The multi-national giant General Electric has an unparalleled role in twentieth-century
history. The General Electric Company electrified the Soviet Union in the 1920s and 1930s,
and fulfilled for the Soviets Lenin's dictum that "Socialism = electrification."1 The Swope
Plan, created by General Electric's one-time president Gerard Swope, became Franklin D.
Roosevelt's New Deal, by a process deplored by one-time President Herbert Hoover and
described in Wall Street and FDR.2 There was a long-lasting, intimate relationship between
Swope and Young of General Electric Company and the Roosevelt family, as there was
between General Electric and the Soviet Union. In 1936 Senator James A. Reed of
Missouri, an early Roosevelt supporter, became aware of Roosevelt's betrayal of liberal
ideas and attacked the Roosevelt New Deal program as a "tyrannical" measure "leading to
despotism, [and] sought by its sponsors under the communistic cry of 'Social Justice.'"
Senator Reed further charged on the floor of the Senate that Franklin D. Roosevelt was a
"hired man for the economic royalists" in Wall Street and that the Roosevelt family "is one
of the largest stockholders in the General Electric Company."3
As we probe into behind-the-scenes German interwar history and the story of Hitler and
Naziism, we find both Owen D. Young and Gerard Swope of General Electric tied to the
rise of Hitlerism and the suppression of German democracy. That General Electric directors
are to be found in each of these three distinct historical categories i.e., the development
of the Soviet Union, the creation of Roosevelt's New Deal, and the rise of Hitlerism
suggests how elements of Big Business are keenly interested in the socialization of the
world, for their own purposes and objectives, rather than the maintenance of the impartial
market place in a free society.4 General Electric profited handsomely from Bolshevism,
from Roosevelt's New Deal socialism, and, as we shall see below, from national socialism
in Hitler's Germany.
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