The Glenn Beck Program (Link)
- Glenn Beck (October 7, 2010)
In a book called When the War Ends. The Road We Are
Traveling, 1914 1942. Stuart Chase wrote this, free enterprise into X. He said
many more studies will be needed before the mystery is cleared up, but we have
something called X which is displacing the system of free enterprise all over
the world. We don�t know yet what to call it. We can describe its major
Got it? He said there�s something called X. We could call it
communism, we could call it fascism, we could call it state capitalism. But he
said we don�t really know what it is. But here are the things that are going on.
Free enterprise into X.
A strong centralized government
Executive arm growing at the expense of the legislative
and judicial arms
The control of government bank or banking, credit and
security exchanges by the government
The underwriting of employment by the government, either
through armaments or public works
The underwriting of Social Security by the government,
old age pensions, mothers pensions, unemployment insurance and the like
The underwriting of good housing and medical care by the
The use of deficit spending technique to finance these
underwritings. Let me say that again: Seven, the use of deficit spending
techniques to finance these underwritings. This was new in 1942. The
annually balanced budget has lost its old time sanctity.
The abandonment of gold in favor of managed currencies
The control of foreign trade by the government with
increased emphasis on bilateral agreements and barter deals
The control of natural resources with increasing emphasis
on self sufficiency
The control of energy sources, hydroelectric power, coal,
petroleum, and natural gas
The control of transportation, railway, highway, airway,
The control of agricultural production
The control of labor organizations, often to the point of
The enlistment of young men and women in youth corps
defeated to health, discipline, community service, and ideologies consistent
with those in authority
Heavy taxation with special emphasis on the estates and
incomes of the rich
Not much taking over of property or industries in the old
socialistic sense, but the formula appears to be control without ownership.
Let me say this again: Not much taking over of properties or industries in
the old socialistic sense. This is written in 1942. The formula appears to
be control without ownership. It is interesting to recall the same formula
was used by the management of the great corporations in depriving
stockholders of power.
State control of communications and propaganda.
So who is Stuart Chase, who wrote this and said, something is
afoot and it�s going to change the free market enterprise, and this is the sign
of state capitalism, fascism, or communism, but we�ll just call it X. Who was
Well, you probably have never heard of this book. You�ve
probably never even heard of his name, but he was a Fabian Socialist. He was a
member of the Fabian Society at Harvard and a friend of Walter Lippmann.
Walter Lippmann was the guy who every journalist in America
has studied and hails as a hero. He was a eugenicist or eugenics guy. He was a
progressive, he was a member of Woodrow Wilson�s administration. He was a really
evil dude. When Walter Lippmann heard about Fabian Socialism, he said the guys
opened up for him. But Stuart Chase just went and became a Fabian Socialist with
him at Harvard.
Stuart Chase appears again in the 1930s in American history
because he�s the one that coined the term, the New Deal. He�s the one that was
in the, what was it, the kitchen cabinet for FDR, his panel of experts to help
transform the world, transform America? The guy who coined the New Deal and
helped FDR sell it and get it out and shape it said there�s something strange
going on with the free market system in 1942. And it�s changing.
And these are the signs that will change it into state
capitalism and abandon the free market. We have done every single one of these
things. The guy who helped design the New Deal pointed them out to us. Don�t
miss tonight�s show and tomorrow and Monday�s and DVR the show. If you DVRed
last night, it is an hour on Fabian Socialism and it is an hour that I probably
had more mail on saying I had no idea. I had no idea about any of this stuff.
But in every letter I got, pro or con, they all said the same thing. It�s the
scariest episode. It used to be fun to connect the dots. This one wasn�t fun to
connect the dots with. It�s not, but you must connect the dots. �