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Study of the Hegemony of Parasitism - michaeljgoodnight.com

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The Baruch War Industries Board (WIB) is particularly<br />

important to <strong>the</strong> present work, not only because <strong>of</strong> <strong>the</strong><br />

dictatorial power exercised by Baruch during <strong>the</strong> war<br />

years, but because <strong>the</strong> WIB members have continued to<br />

govern <strong>the</strong> United States. From WIB and <strong>the</strong> American<br />

Commission to Negotiate <strong>the</strong> Peace came <strong>the</strong> Brookings<br />

Institution, which set national priorities for fifty years,<br />

NRA [National Recovery Administration] and <strong>the</strong> entire<br />

Roosevelt administration, and World War II.<br />

Working with Baruch at <strong>the</strong> WIB was:<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

Asst. chairman, Clarence Dillon <strong>of</strong> Dillon, Read<br />

Robert S. Brookings, chairman Price Fixing Committee <strong>of</strong> WIB, later founded<br />

<strong>the</strong> Brookings Institution<br />

Felix Frankfurter, chairman <strong>of</strong> <strong>the</strong> War Policies Labor Board<br />

Herbert Hoover and T.F. Whitmarsh <strong>of</strong> <strong>the</strong> U.S. Food Administration<br />

H.B. Swope, publicity agent for Baruch<br />

Harrison Williams<br />

Albert Ritchie, later Gov. <strong>of</strong> Maryland<br />

Gen. Goethals<br />

and Rear Adm. F.F. Fletcher<br />

Goethals was replaced by Gen. Pierce, who was <strong>the</strong>n<br />

replaced by Gen. Hugh Johnson, who became Baruch's<br />

righthand man for many years. Field tells us that "Gen.<br />

Hugh Johnson stayed on Baruch's payroll for two months<br />

after he became head <strong>of</strong> NRA (during <strong>the</strong> New Deal)."<br />

Field quotes Woodrow Wilson as having Baruch at <strong>the</strong><br />

WIB, "Let <strong>the</strong> manufacturer see <strong>the</strong> club behind your<br />

door." Baruch told <strong>the</strong> Graham Committee, "We fixed<br />

prices with <strong>the</strong> aid <strong>of</strong> potential Federal <strong>com</strong>pulsion."

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