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Old September 5th, 2011 #1
Mike Parker
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Join Date: Jul 2007
Posts: 3,311
Default National Socialism and the Private Sector

[Please post anything you know about starting, running or working for a business in an NS economy.]

Under NS, how do you finance a business that’s not a government contractor?

NSDAP Programme Point 11: “The abolition of incomes unearned by work. The breaking of the slavery of interest.” What would seem to be left is a benign form of private investment under which all owners have the incentive to grow the business over the long term, to the advantage also of the workers. That's also implied by Dr. Feder’s commentary:

Quote:
The leading and best-known example of this kind of industrial producer is Henry Ford. No less distinguished in this respect are the leading producers in German heavy industry. Such as Krupp, Kirdorf, Thyssen, Abbe, Mannesmann and Siemens, to name a few at random.

However, the nature of such firms changes immediately when they are no longer under the direction of an ethical individual. Ethical management had previously cultivated ethical relationship with its workers, for the sake of the proven mutual advantage, which accrued to both the firm and its employees. Once these firms are depersonalized, "made anonymous," and changed into stockholder corporations with limited liability, such ethical management ceases to exist.

As long as the founder of such a concern, in the capacity of principal stockholder, can oversee the operational procedure, it can still continue. But most often, the imperative of pure profit-greed takes over immediately.

Where improvements in production and working conditions are concerned, the former owners and directors are now dependent upon an overview board, which has no interest in production or workers’ welfare, (other than those of slave drivers.) Their purpose is to insure maximum return on invested capital. These conditions became devastating with the introduction of the industrial proprietary act, which allows that any swindler or speculator can become a major stockholder, or owner of an industrial enterprise without knowing the least thing about it.

What do these stock certificates represent to professional financiers and speculators, other than play money for the stock exchange? These stockholders certainly had no interest in production facilities and workplace. They did not even need to know what was produced, turnover, working conditions, pay or salary of the factories whose proper owners they are, thanks to bundles of stock certificates which they shuffled about in the stock exchange, relating to this or that factory. One must consider all the implications of the matter in order to grasp the rottenness of the system of finance capital.
Was the experience at Ford consistent with NS principles?

Quote:
Henry Ford

Malcomson knew Henry Ford when the latter had worked at the Detroit Edison Co. In 1902, with his involvement in the Henry Ford Company coming to an end, Ford approached Malcomson to bankroll a new automotive company. Malcomson, although overextended with his other investments, was able to raise $3000[3] With this capital, Malcomson and Ford agreed to form a company, Ford & Malcomson, to develop a new automobile.[5] Details of the partnership were written down and signed by each man, and witnessed by C. Harold Wills. With Malcomson's backing, Ford designed the Model A, an inexpensive car designed to be sold for $750. In 1903, the firm moved to a new building on Mack avenue, and soon Ford and Malcomson ("doing business as the Ford Motor Company"[5]) agreed to purchase over $160,000 in parts from John and Horace Dodge; additional purchases for smaller amounts were made from numerous suppliers.

However, the young firm quickly had trouble making payments to the Dodge brothers due to slow sales. Malcomson turned to John S. Gray, president of Detroit's German-American bank. Gray agreed to invest $10,500 in the automobile firm.[6] Malcomson also convinced his young clerk, James J. Couzens, to invest, as well as the law partners John W. Anderson and Horace Rackham; in all, Malcomson brought a total of $28000 cash to the company[3]. On June 16, 1903, Ford and Malcomson was officially re-incorporated as Ford Motor Co.[5], with Gray as president and Ford as vice-president. Ford and Malcomson each owned 255 shares of the company (25.5% apiece), while Gray, Rackham, Anderson, Couzens, and other investors received shares proportional to their investment. The Dodge brothers each received 10% of the shares in the new company in return for materials provided.[3]

Both Malcomson and Gray had larger businesses to run than Ford Motor Co. To keep Henry Ford in check, Malcomson installed his clerk James Couzens (also a shareholder) at Ford Motor in a full-time position. In any case, the company was an immediate success. Earnings in the first six months were over $100,000, and the company declared a 100% stock dividend; in the first year, the company made over $250,000 profit.[3] Malcomson wanted to increase profits, and, believing luxury cars were the most attractive sector of the automobile market, directed Ford to design and build the larger and more expensive Model B and Model K.[3] Ford was reluctant, but Malcomson was backed by his majority coalition on the Board, and Ford capitulated.

The end at Ford

In 1905, to hedge his bets, Malcomson formed Aerocar to produce luxury automobiles.[1] However, other board members at Ford became upset, because the Aerocar would compete directly with the Model K.[1] They demanded Malcomson give up his shares in Ford. Malcomson refused. However, Henry Ford was still upset at being dictated to by Malcomson. With Couzens's help, and without Malcomson's involvement, Ford established the Ford Manufacturing Company, explicitly to make parts for Ford Motor.[3] Ford Manufacturing charged Ford Motor inflated prices, shifting the profits to Ford Manufacturing and leaving Ford Motor profitless. Malcomson, recognizing that he had been outmaneuvered, sold his stock in Ford Motor to Henry Ford in 1906 for $175,000.
http://en.wikipedia.org/wiki/Alexander_Y._Malcomson
 
Old September 5th, 2011 #2
Rick Ronsavelle
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Join Date: Jun 2009
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Default finance business under NS??

Read Wall Street and the Rise of Hitler:

PREFACE
This is the third and final volume of 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.

It is business manipulation of Hitler's accession to power in March 1933 that is the topic of Wall Street and the Rise of Hitler.
ANTONY C. SUTTON
July, 1976

Chapter Three
General Electric Funds Hitler
General Electric in Weimar, Germany
General Electric & the Financing of Hitler
Technical Cooperation with Krupp
A.E.G. Avoids the Bombs in World War II

Chapter Four
Standard Oil Duels World War II
Ethyl Lead for the Wehrmacht
Standard Oil and Synthetic Rubber
The Deutsche-Amerikanische Petroleum A.G.

Chapter Five
I.T.T. Works Both Sides of the War
Baron Kurt von Schröder and I.T.T.
Westrick, Texaco, and I.T.T.
I.T.T. in Wartime Germany

Chapter Six
Henry Ford and the Nazis
Henry Ford: Hitler's First Foreign Banker
Henry Ford Receives a Nazi Medal
Ford Assists the German War Effort

Chapter Seven
Who Financed Adolf Hitler?
Some Early Hitler Backers
Fritz Thyssen and W.A. Harriman Company
Financing Hitler in the March 1933 Elections
The 1933 Political Contributions

Chapter Eight
Putzi: Friend of Hitler and Roosevelt
Putzi's Role in the Reichstag Fire
Roosevelt's New Deal and Hitler's New Order

Chapter Nine
Wall Street and the Nazi Inner Circle
The S.S. Circle of Friends
I.G. Farben and the Keppler Circle
Wall Street and the S.S. Circle

Chapter Eleven
Wall Street-Nazi Collaboration in World War II
American I.G. in World War II
Were American Industrialists and Financiers
Guilty of War Crimes?

Chapter Twelve
Conclusions
The Pervasive Influence of International Bankers
Is the United States Ruled by a Dictatorial Elite?
The New York Elite as a Subversive Force
The Slowly Emerging Revisionist Truth

http://www.vho.org/aaargh/fran/livres5/suttonhitler.pdf

Last edited by Rick Ronsavelle; September 5th, 2011 at 11:04 AM.
 
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economic nationalism, gottfried feder, henry ford, national socialism

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