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Category: Adam Smith

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'Hitler' (book by Brendan Simms) Adam Smith

Hitler, 24

Moreover, in Hitler’s view the war was by no means over. Germany was still the victim of international capitalism, whose continuing power he repeatedly attacked. He spoke of ‘international stock exchange and loan capital’ as the main ‘beneficiaries’ of the peace treaty. Ever since the ‘collapse of the Reich’, Hitler claimed, the country had fallen under ‘the rule of international, fatherlandless capital, independent of person, place and Nation’. [emphasis by Ed.]

Left, portrait of Adam Smith by John Kay. Considered by some as ‘The Father of Economics’ or ‘The Father of Capitalism’, Smith, who popularised the idea that capital has no flag, wrote The Wealth of Nations in 1776 (look at the year of publication of his magnus opus!).

Except for the European Tom Sunic and the American Michael O’Meara, it strikes me that the bulk of white nationalist pundits have been blinded to see something so obvious: that, without a flag, sooner or later the Anglo-Saxon economic system was going to betray their ethnicity.

This is compounded in the American myth of those who emigrated fantasising about a city on a hill, self-understanding themselves as the new Israelites to the extent of admiring the real Jews and rolling out the red carpet to them in subsequent centuries. Why, unlike O’Meara and Sunic, can the racial right not see that they, along with the rest of the Anglo-Americans, have been empowering the enemy through this fatherlandless, flagless capitalist ideology? Hitler did get it:

International conferences—such as Genoa in April 1922—were simply condemned as ‘stock exchange conferences’. Hitler saw Jewish international capitalism and western democracy as linked. ‘International Jewish stock exchange capital, ‘he believed, ‘was the driving force of these western-democratic states.’ He set up the ‘equation’ of ‘democracy-capitalism-Jew’. For all these reasons, he argued, National Socialism was a ‘new force whose aim could always only be anti-capitalist’.

Hitler was not completely opposed to all forms of capitalism, though he sometimes gave that impression. He contrasted the blanket hostility of Social Democrats and Marxists to capitalism in general with his own distinction between allegedly pernicious and largely Jewish ‘international loan capitalism’ and nationally oriented ‘productive industrial capitalism’.

‘Factories and industrial capital,’ he told an audience of SA, ‘is national’ and ‘the capital of every country remains national’. For clarity, he stressed that National Socialism ‘struggled against every form of big capital, irrespective of whether it is German or Jewish, if it is grounded not in productive work, but in the principle of interest, of income without work or toil’.

Moreover, Hitler added, the NSDAP ‘battled the Jew not only as the sole bearer of this [form of ] capital’, but also because he ‘prevented ‘ the ‘systematic struggle’ against it. In Hitler’s view it was the determination of international capitalism to subjugate independent national economies which had led to the world war and the brutal peace settlement. This was the context in which he interpreted Allied attempts to control the Reichsbahn, the German national railways. Hitler accused the Jews of trying to ‘grab’ them, as part of a policy whose ‘final aim was the destruction of our national economy and the enslavement of our workforce’.

The Allied determination to annihilate Germany, Hitler believed, was demonstrated by their continuation of the blockade after the end of hostilities. ‘One wants to destroy us completely,’ he claimed, ‘one wants to make our children sick and to allow them to waste away’…

‘The Entente,’ he lamented, ‘advises us to emigrate in order to feed ourselves, and to make way for the Eastern Jews.’ Hitler, in other words, feared that Germany would become the victim of what is today called ‘population replacement’.

He frequently urged his audience to think of the ‘thousands of German emigrants’. This was the great trauma underlying Hitler’s whole world view: the continued haemorrhaging of the best elements of the Reich who had left the Fatherland in order to enlarge the population of Germany’s rivals, with the fatal results that had been seen in the Great War. Worse still, he argued, these best elements were being replaced by the Jewish dregs of central and eastern Europe in a kind of negative selection, designed to further undermine the racial coherence of the German people.

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Adam Smith Montesquieu Tom Sunic

On white sins

It is true that this site focuses on the Christian problem. But that does not mean that I believe that Christian ethics is the sole sin in white decline. Our focus is due to the fact that no Alt-Right site is exposing such sin as a factor to be studied.

There are other cardinal sins. Recently for example Tom Sunic said: ‘Both the early liberals C. Montesquieu and later A. Smith wrote that “merchant ignores all borders.” This is how the West was designed by the world improvers in the wake of WWII’.
In other words, in addition to Christian ethics being a pig is a major factor in the downfall of whites!

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Adam Smith England Individualism John Stuart Mill Liberalism Wikipedia

Liberalism, 9

Classical liberalism

The development into maturity of classical liberalism took place before and after the French Revolution in Britain, and was based on the following core concepts: classical economics, free trade, laissez-faire government with minimal intervention and taxation and a balanced budget. Classical liberals were committed to individualism, liberty and equal rights. The primary intellectual influences on 19th century liberal trends were those of Adam Smith and the classical economists, and Jeremy Bentham and John Stuart Mill.

adam-smith

Adam Smith’s The Wealth of Nations, published in 1776, was to provide most of the ideas of economics, at least until the publication of J. S. Mill’s Principles in 1848. Smith addressed the motivation for economic activity, the causes of prices and the distribution of wealth, and the policies the state should follow in order to maximize wealth.

Smith wrote that as long as supply, demand, prices, and competition were left free of government regulation, the pursuit of material self-interest, rather than altruism, would maximize the wealth of a society through profit-driven production of goods and services. An “invisible hand” directed individuals and firms to work toward the nation’s good as an unintended consequence of efforts to maximize their own gain. This provided a moral justification for the accumulation of wealth, which had previously been viewed by some as sinful.

His main emphasis was on the benefit of free internal and international trade, which he thought could increase wealth through specialization in production. He also opposed restrictive trade preferences, state grants of monopolies, and employers’ organizations and trade unions. Government should be limited to defense, public works and the administration of justice, financed by taxes based on income. Smith was one of the progenitors of the idea, which was long central to classical liberalism and has resurfaced in the globalization literature of the later 20th and early 21st centuries, that free trade promotes peace.

Jeremy_Bentham

Utilitarianism provided the political justification for the implementation of economic liberalism by British governments, which was to dominate economic policy from the 1830s. Although utilitarianism prompted legislative and administrative reform and John Stuart Mill’s later writings on the subject foreshadowed the welfare state, it was mainly used as a justification for laissez-faire. The central concept of utilitarianism, which was developed by Jeremy Bentham, was that public policy should seek to provide “the greatest happiness of the greatest number”. While this could be interpreted as a justification for state action to reduce poverty, it was used by classical liberals to justify inaction with the argument that the net benefit to all individuals would be higher. His philosophy proved to be extremely influential on government policy and led to increased Benthamite attempts at government social control, including Robert Peel’s Metropolitan Police, prison reforms, the workhouses and asylums for the mentally ill.

The repeal of the Corn Laws in 1846 was a watershed moment and encapsulated the triumph of free trade and liberal economics. The Anti-Corn Law League brought together a coalition of liberal and radical groups in support of free trade under the leadership of Richard Cobden and John Bright, who opposed militarism and public expenditure. Their policies of low public expenditure and low taxation were later adopted by the liberal chancellor of the exchequer and later prime minister, William Ewart Gladstone. Although British classical liberals aspired to a minimum of state activity, the passage of the Factory Acts in the early 19th century which involved government interference in the economy met with their approval.