This discussion presents a discussion about the bookoligarchy "Foundations: Their Power and Influence" by Rene A. Wormser (https://amzn.to/3ZEaI45), originally published in 1958. The book, written by the general counsel for the Reece Committee, details the committee's investigation into large, tax-exempt foundations like those created by Carnegie, Rockefeller, and Ford. Wormser argues that these foundations, particularly through their "social science" endeavors and intermediary organizations like the Social Science Research Council and Institute of Pacific Relations, exerted undue influence on education, foreign policy, and social thought, often promoting a "collectivist" or "liberal" agenda. The text also highlights the intense opposition faced by the Reece Committee during its investigation, suggesting a concerted effort by these powerful entities to resist scrutiny and maintain their influence. Wormser contends that while foundations can do good, their unchecked power and lack of accountability, particularly in politically sensitive areas, pose a significant threat to American society and its traditions.

Foundations - Their Power and Influence

This conversation covers Antony C. Sutton's "Wall Street Trilogy," (https://amzn.to/46lMS0O) argues that American financial interests played a significant, often overlooked, role in supporting and shaping various totalitarian regimes. It contends that Wall Street financiers, like those from J.P. Morgan and General Electric, provided financial and technical assistance to the nascent Soviet Union, Nazi Germany, and the Italian Fascist state, viewing these regimes as opportunities for economic exploitation and control rather than ideological adversaries. The text further suggests that figures such as Franklin D. Roosevelt were deeply connected to these financial elites, and that his New Deal policies mirrored "corporate socialism," which centralized economic power. It also touches upon attempts by certain American business figures to establish a fascist-style government in the United States, and highlights how information regarding these connections was sometimes suppressed.

Foundations - Their Power and Influence

The Duke Report

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