By the late 19th century, the British empire was on its knees.
It had suffered defeat in proxy wars at the hands of nationalist leaders like Lincoln and Bismarck, it was losing Eurasia in its “Great Game” against Russia, and the power of the sea was waning in the shadow of the continental power embodied in railroads, canals and industrial development.
Unable to confront its enemies militarily, the British have endeavored to demoralize, exhaust and redirect enemy populations in a long war of attrition known as the Fabian Strategy. Key in the strategy has been the employment of anti-nationalist economic doctrines disguised as radical “populism”.
The propaganda of the early 20th century seems anachronistic today, but its ripples still radiate, pushing truth-seeking minds like paper boats away from the safe harbor of imperialism’s only true enemy.
As William Blake, pre-Fabian and spiritus rector of British propaganda, wrote, “I will not cease from mental fight, / Nor shall my sword sleep in my hand, / Till we have built Jerusalem / In England’s green and pleasant land.”
The New Age Magazine: The Fabian Society bankrolls economic blind alleys
Before it became the official magazine of Scottish Rite Freemasonry, The New Age was an influential British “literary” journal. Founded in 1907 by one Alfred Orage, The New Age was in fact funded, organized and stewarded by George Bernard Shaw, who had served the same purpose for the British Fabian Society and the London School of Economics. While the magazine contained modern poetry, literature and criticism, much of its attention was directed to debating politics and promoting certain new-age and populist economic ideas.
The Fabian Society – Imperialists clothed as socialist revolutionaries. Many contributors to The New Age, like Shaw and HG Wells, were drawn from the ranks of the Fabian Society. Ostensibly, the Fabian Society was the “Fabian” counterpart to Marxism, promoting the erosion of capitalism through black propaganda rather than through direct attack. In truth, the war of attrition was waged not against capitalism, but against would-be republican nationalists interfering with British designs.
Georgism. Shaw was heavily influenced by Henry George, an American writer active in the 1880s and popular in England. George’s program for America – free trade, restricted immigration and a single tax on land – was an attack on Republican policies. In a period where 3 Republican presidents (Lincoln, McKinley, Garfield) were assassinated by British assets for promoting protectionism and development, George’s proposed reforms were a step back to the pro-British policies of Andrew Jackson. Free trade was the open enemy of the Republicans. A single tax on land (in a period where most revenue was raised through import tariffs) would have freed Wall Street and strangled industry. Restricting immigration would have cut off the needed influx of industrial workers. George had limited popularity in the US – he ran for mayor of New York City, where his support came in no small part from Wall Street. Yet his ideas lived on to influence early 20th century economic doctrines, existing today in the cult-like milieu of Georgism / Geo-libertarianism, and various institutes, schools, blogs and the like in the US and Britain.
Social Credit. Among the main focuses of The New Age was to promote the “social credit” ideas of British engineer CH Douglas. Douglas’ cause was taken up and popularized by writers from Shaw to Ezra Pound to Aleister Crowley, another frequent contributor. The Social Credit program is frankly rather obtuse, and cloaked in gnostic Christian symbolism. Seeing purchasing power as the single greatest factor in economics, “social crediters” advocate the public distribution of credit to consume the increasing number of goods and services made possible by technology.
But Social Credit suffers from the fundamental flaw of viewing “production” as an automatic process where the bounty will continue upward and consumers simply lack the credit to partake. The one-time popularity of social credit can be attributed to its focus on interest as the bane of mankind, divorced from any notions of production, trade, employment and other considerations of political economy. Like Georgism, it is a free trade doctrine that focuses on a limited technical feature of the economy.
The pro- Social Credit YouTube videos of Dick Eastman provide an overview of the theory, plus a stew of British, Tibetan, Nazi and slave-ocrat influence that should speak for itself.
Distributism. The New Age also helped popularize “Distributism” by publishing essays and debates between Catholic economic writers like GK Chesterton and Hillaire Belloc. As exposed by EIR (see “Traditionalist ‘Cult’ is Roman, Not Catholic”), distributism like Georgism is basically a feudal policy. By “distributing” power to the lowest possible level, distributism makes political power less effective than corporate power (Wall Street/London). Distributism is kept alive by “traditionalist” Catholics like the otherwise excellent E. Michael Jones of Culture Wars magazine.
All Roads Lead away from the Obvious solution
The cacophony of British-spawned new age social doctrines and economic theories serves only one purpose: to distract readers from the true enemy of the British empire, the American System of Political Economy.
Advanced in America by leading political figures and economists like Benjamin Franklin, Alexander Hamilton, Henry Clay, Abraham Lincoln and Franklin D. Roosevelt, and elsewhere by the likes of Bismarck, DeGaulle, Nasser and many others, “The American System” is highly-regulated, industrial capitalism that puts the general welfare of the nation before the profits of Wall Street and London.
The 5 P’s of The American System.
1. Protect. What do Henry George, Karl Marx and Ron Paul have in common? Free Trade! It should be painfully obvious that without protectionism, all economic activity races to the bottom. America was built not on “liberty” but on tariffs, labor laws, parity price laws and other basic protections. Tariffs funded the federal government for nearly a century. They allowed the creation of the steel and other basic industries. They prevented product dumping and “coolie labor” from destroying American jobs. Any economic doctrine that does not put protectionism first is feudalist propaganda.
2. Prevent. The American system does not recognize any natural antagonism between “capital and labor” but between production and exploitation. Early economists like Henry C. Carey and Friedrich List are explicit in drawing the distinction between the British empire of predatory financial speculation and the real economy of physical production, and the need to prevent the former from polluting the latter. The “liberty” of futures traders and the grain cartel, for example, must not supercede the right of farmers to make a fair living.
3. Provide. The US Constitution gives congress the power to pass laws to provide for the “common defence and general welfare.” The general welfare clause was put to the test in McCullough vs. Maryland, which upheld the constitutionality of a national bank. Interest-free public credit is not explicitly demanded by the Constitution, but is clearly allowed. The same is true of New Deal programs like Medicare (which FDR intended to expand to all citizens), Social Security and social welfare programs. Nobody fought against a “nanny state” more vigorously than Roosevelt, but he recognized the need for basic social welfare, funded by public credit, to build a stable and prosperous society.
4. Produce. Publicly-funded infrastructure and publicly-financed and -supported industry are central to the American System. How would Georgism create a transcontinental high-speed rail network? How would social credit bring back the textile industry? How would Distributism undertake a massive national project like NAWAPA? Private industry should produce and employ the vast majority of goods and jobs. But it needs a proper physical, financial and regulatory framework. “Central planning” does not need to involve some politburo running every lemonade stand. But some allowance needs to be made for congress to initiate projects of widespread importance and distribute credit via a national bank to employ private industry in the completion of said projects. Our national laboratories linger in obscurity. Our sovereign credit is deferred to the private federal reserve. Our bridges, roads and waterways are eroding. Private companies will do the work, but only effective central planning can set the priorities and start the process.
5. Proliferate. Lastly, the American System is not “mercantilist” in the sense of suggesting a competitive export economy. As FDR said, “Competition has been shown to be useful up to a certain point and no further, but cooperation, which is the thing we must strive for today, begins where competition leaves off.” It is in the interest of the average American or Canadian not for the average Chinese to work cheaply, but to share a high standard of living. If Americans make our own iPads (with better safety, wages and working conditions), we get the iPads, the jobs and the circulating credit. The Chinese can then do the same and grow their own middle class. It is to the benefit of all but the British empire for all people to be more advanced, more prosperous and more secure. We must abolish predatory free trade but promote cooperative development between nations.
As the utopian illusions of libertarianism disintegrate, we must be careful not to be sucked into the quasi-socialist spawn of the Fabian Society. Anything short of the American System is a half-measure or a lie. Your enemy is not big government, Jews, communists or the Catholic church, but “The British Empire” – a transnational system of financial speculation, cartels, war machines and its attendant propaganda and elaboration. We are fighting a war against illusions, lies, provocations and terrorism. The only way to win is to abandon the gambits offered to you by your enemy, and embrace the only tradition that can win.