Alfred Owen Crozier, an attorney and activist from Michigan, Ohio, and New York, drew the above cartoon in 1912. He warned the public of the banksters before the Bankers’ Coup of 1913 issued in the Federal Reserve System and the Internal Revenue Service. The Octopus was the first illustration to grace the interior of his 1912 book, U.S. Money vs. Corporate Money, “Aldrich Plan,” Wall Street Confessions! Great Bank Combine! In 1913, Crozier testified against the Federal Reserve System, originally proposed by the Aldrich Plan as the National Reserve Association.
The Octopus represented the art of 1912. Almost a hundred years later, in October 2011, three complex-systems theorists crunching algorithms determined 43,000 TNCs (Transnational Corporations), represented by all the dots in the 3D image, dominated the global economy. Among these are 1,318 core companies with interlocking ownerships. The collectively controlled 20% of global operating revenues and another 60% of global real (manufacturing revenues.) Of these 147 formed a supergroup of <1% controlling 40% of the total network. The majority were Big Wall Street Banks and investment firms.
See “Revealed – the capitalist network that runs the world,” in New Scientist at http://www.newscientist.com/article/mg21228354.500-revealed–the-capitalist-network-that-runs-the-world.html
and “The network of global corporate control” at http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf.
Over time we see a much more convoluted and intricate network of interlocking, non-democratic entities formed. This has grown to dominate politics and governments as well as marketplaces and businesses around the planet. Perhaps the Tea Party and the Occupy Wall Street and Everywhere movements can find common ground. Neither will they or anyone else, however, be successful in political, economic, and financial reforms unless we go straight to the hearts of the Beast. The foundation of radical reform is simple in concept and shall be challenging to execute: We the People of Earth must establish public control of the money power similar to civilian control of the military power. Such public control must be transparent and accountable with all information open to public audit.
NOTE: This is from a from a larger work in progress looking at the de facto Euro-American Global Empire, which may be more correctly termed a Postmodern and neo-feudal Empire of the Money Power.
William Dudley Bass
2 November 2011
Copyright © 2011, 2016 by William Dudley Bass. All Rights Reserved until we Humans establish Wise Stewardship of and for our Earth and Solarian Commons. Thank you.