The Making of an Atlantic Ruling Class

The Making of an Atlantic Ruling Class

Language: English

Pages: 378

ISBN: 1844678717

Format: PDF / Kindle (mobi) / ePub


With The Making of an Atlantic Ruling Class, Kees van der Pijl put class formation at the heart of our understanding of world politics and the global economy. This landmark study dissects one of the most decisive phenomena of the twentieth century—the rise of an Atlantic ruling class of multinational banks and corporations. A new preface by the author evaluates the book’s significance in the light of recent political and economic developments.

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Wall Street to exert financial leadership’.41 Intent on rehabilitating an Atlantic circuit of money capital in which American capital this time occupied the commanding heights, Wall Street bankers were able to gear American policy to a short-sighted rentier concept calculating on counter-revolution at the lowest possible cost and on whatever short-term profits the international financial circuit might yield — both of which implied a revival o f German imperialism. Having discarded the policy of.

American support for it. Following the Locarno agreements, French foreign minister Briand tried to draw the United States into the European settlement through the Kellog-Briand pact, a ‘gesture of moral and psychological solidarity’ as his chef de cabinet called it, and not m ore.64 A year before, Briand had become Honorary President of the Paneuropa Union, the organization of Count CoudenhoveKalergi, and in 1929, he would make a belated proposal to start discussions on the realization of a.

Eventually secured Churchill’s support as well. One of Coudenhove’s main concerns (shared by his banker sup­ porters), however, was American support. In 1925, Max Warburg arranged for his brothers in the United States, Felix and Paul, to invite Coudenhove for an American tour. In America, the count The Wilson Offensive 69 discussed European unity with Hoover, Kellogg, Young and Lippmann, but also found out that American support for the unity of Europe rested on mutually incompatible.

Estimated that the ‘criminals would have to be sent to the devil’ before his plans could be implemented. If Hitler could be removed soon enough, Goerdeler argued, there would be a chance for Germany to unite Europe against Bolshevism with Allied support. All this was of course conditional, he added, on finding a way around the Allied demand for unconditional surrender.67 As the Atlantic liberals — in league with disaffected Prussian aristocrats — moved into the stage of active conspiracy against.

Their accumulation conditions) with an integrated circuit of capital internationally, but it was unclear how to begin to implement currency liberalization, when it seemed that the British Empire might suddenly break apart. During the debate in the US Senate on Bretton Woods, the isola­ tionist opponents led by Senator Taft wanted to insert a clause requiring that any IMF member wanting to use the Fund’s resources would have to remove all exchange restrictions first. The principal proponent of the.

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