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Summary Finance, Deep State, and History
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Its a socioeconomic analysis of the deep state in history.
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York 1Trevor York
Dr. Sonya Scott
Corporate Governance & Business Law in Comparative Context
6 April, 2017
A Corporate Deep State of Governance and Law
Investigation of power structures shaping governance and law of corporations is
inherently unfathomable. The deep state1 concept is how some have framed this power structure.
This topic is unfathomable in nature because truth spans across generations and disciplines. Ergo
this essay is restricted to key figures, organizations, ideas, and states from world war two until
today. Secondly the entire truth is fire, or sunlight in Plato's Allegory of the Cave. We need to
use the shadows on the wall of corporate law and governance to realize the illusion, and look for
light. The research and investigation from this essay concludes grounded solutions to
contemporary criticism of the deep state. What I will conclude from this investigation are two
grounded solutions to general concern of the deep state.
This begins with Roy's description of the corporate revolution (248) which skirts key
figures and places that formed foundations of the contemporary deep state. Roy (1997) tells the
operation of finance capital tends to centralize and concentrate into a small group of New York
based institutions (254), specifically during the golden age of financiers (250) that's the 1890-
1905 period of socialized capital that defined the corporate revolution. The new order (Roy 250)
in socialization of capital and corporate revolution forever changed history in the way it changed
capital (Roy 248). Note the 1890-1905 period coincides with the 1903 American Banana case
precedent (Barken 102) which I argue is an early experiment for contemporary state embedded
1
The New York Times termed the "deep state" as "a hard-to-perceive level of government or super-control that
exists regardless of elections and that may thwart popular movements or radical change" in addition to “the
embedded anti-democratic power structures within a government, something very few democracies can claim to be
free from" by the UK (Scott 1).
, York 2
corporate-capitalist power structures that control the state, military, and politicians (Barkan 102-
103). It's through this method of operation that true power is exercised, that even shaped world
war 2.
Some had in fact argued this new order, some notable golden age financiers and
institutions (Roy 250) were behind elements of world war 2. Combined productive units that
change ownership into more liquid, transferable forms, valueing social agreements, mobilizing
capital to owners from outside individuals and organization (Roy 248) is really a technical way
to describe how the Nazis2 were funded for example. Where Roy notes the early 20th century
concentration of New York capital power (254), Sutton details specific New York corporate
interests and financiers of Nazi Germany as well Communist Russia. In addition to Trotsky3,
Sutton reveals a common link between financiers of the Russian Communists and the American
Banana Case (96) with the American International Corporation (94). I've selected the AIC as a
key figure because it has links to a variety of industrial figures, corporations, financiers, and
institutions, that seeded Nazism, communism, and domestic politics. For it's the New York
Federal Reserve that housed the Warburg (Sutton 74) connection to Nazis, however had
members involved with the AIC, that's documented to of supported Trotsky (Sutton 99) and
other communist efforts. Shortly put, the face of new order was an international, financial
corporate-capitalist structure monopolizing key state institutions as early deep states.
One thing we should take away from Sutton is that since world war 2, financiers have
learned "meaningless...no-win wars costly in dollars and lives... generate multibillion-dollar
armaments contracts" (128). Most importantly:
2
Bank transfer records document specific Wall Street financial interests connected to the New York Federal
Reserve, as well American firms connected to the German corporations of I.G. Farben, Thyssen, and General
electric, who used Delbruck Schickler Bank to fund the Nazis in 1933 (Sutton)
3
Canadian Intelligence reports that Trotsky was arrested at the border with $10,000 - well above what Trotsky was
documented earning at that time, suggesting German funding links in New York (Sutton 14-19) where he lived for a
short period
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