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Study of the Hegemony of Parasitism - michaeljgoodnight.com

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Colonial Society, founded in London in that year. In<br />

1868, it was renamed <strong>the</strong> Royal Colonial Institute, and<br />

was heavily financed by Barclays Bank, and by <strong>the</strong><br />

Barings, Sassoons and Jardine Ma<strong>the</strong>son, all <strong>of</strong> whom<br />

were active in founding <strong>the</strong> Hong Kong Shanghai Bank,<br />

and who were heavily interested in <strong>the</strong> Asiatic drug<br />

traffic.<br />

The staff economist <strong>of</strong> <strong>the</strong> Royal Colonial Society was<br />

Alfred Marshall, founder <strong>of</strong> <strong>the</strong> monetarist <strong>the</strong>ory which<br />

Milton Friedman now peddles under <strong>the</strong> aegis <strong>of</strong> <strong>the</strong><br />

Hoover Institution and o<strong>the</strong>r supposedly "rightwing"<br />

think-tanks. Marshall, through <strong>the</strong> Oxford Group, became<br />

<strong>the</strong> patron <strong>of</strong> Wesley Clair Mitchell, who <strong>the</strong>n taught<br />

[Arthur] Burns and Friedman.<br />

In 1884, Alfred Milner augmented <strong>the</strong> work <strong>of</strong> <strong>the</strong> Royal<br />

Colonial Society with an inner group, <strong>the</strong> Imperial<br />

Federation League; both groups now function as <strong>the</strong><br />

Royal Empire Society. Vladimir Halperin, in "Lord Milner<br />

and <strong>the</strong> Empire", writes: "It was through Milner and some<br />

<strong>of</strong> his friends that <strong>the</strong> Round Table Group came into<br />

being. The Round Table, it should be said, is an authority<br />

to this day on all Commonwealth interests." He states<br />

that Milner raised a considerable sum for <strong>the</strong> work <strong>of</strong> <strong>the</strong><br />

Round Table, including 30,000 pounds from Lord Astor,<br />

10,000 pounds from Lord Rothschild, 10,000 pounds<br />

from <strong>the</strong> Duke <strong>of</strong> Bedford, and 10,000 pounds from Lord<br />

Iveagh. Milner launched a magazine called <strong>the</strong> Empire<br />

Review, later called <strong>the</strong> Round Table quarterly.

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