Business nationalism

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Business nationalism is an economic nationalist ideology primarily held by a sector of the political right in the United States. [1]

Contents

Business nationalists are conservative business and industrial leaders who favor a protectionist trade policy and an isolationist foreign policy. They are often locked in a power struggle with corporate international interests. To build a broader base of support in the middle class and working class, business nationalists frequently employ populist rhetoric and anti-elitist rhetoric. [1]

Historically, this movement has been a primary source in the U.S. for the emergence of radical anti-communism and union busting. In a broader context, certain sectors of business nationalism, most notably the leadership of the Nazi Party in Germany and Fascism in general, have promoted the Red Scares, nativism, and allegations of Jewish banking conspiracies. [1]

History

Ultraconservative business and industrial leaders who viewed the New Deal implemented in the United States between 1933 and 1936 as proof of a sinister alliance between international finance capital and communist-controlled labor unions seeking to destroy free enterprise became known as "business nationalists". [2] [3]

During the mid-1930s, Gerald L. K. Smith became a prominent advocate for these business nationalists, many of whom were isolationists who would later oppose the entry of the United States into World War II. Smith successfully garnered public and financial support from wealthy businessmen concentrated in "nationalist-oriented industries".

This base included the heads of national oil companies like Quaker State, Pennzoil, and Kendall Refining, alongside automakers such as Henry Ford, John Francis Dodge, and Horace Elgin Dodge. Business nationalists who actively networked with other ultra-conservatives included J. Howard Pew, president of Sun Oil, and William B. Bell, president of the chemical company American Cyanamid. [4]

Pew and Bell both served on the executive committee of the National Association of Manufacturers. Pew further distinguished himself by funding the American Liberty League (1934–1940), Sentinels of the Republic, and other groups that exhibited sympathies with fascism prior to World War II. After the war, Pew shifted his support to fund conservative Christian evangelicals, including Reverend Billy Graham. [4]

The John Birch Society, founded in 1959, incorporated many themes from the pre-World War II right-wing groups that opposed the New Deal, establishing its base within business nationalist circles. The society was a major force in disseminating an ultraconservative business nationalist critique of corporate internationalists who were perceived as being networked through organisations such as the Council on Foreign Relations. [1] [5]

As of 2007, business nationalism was represented by ultraconservative political figures such as Pat Buchanan. [4]

Criticism

According to progressive scholar Mark Rupert, the critique of globalisation offered by business nationalists is fundamentally flawed and carried significant social risks. Rupert argues that the right-wing anti-globalists worldview "envisions a world in which Americans are uniquely privileged, inheritors of a divinely inspired socio-political order which must at all costs be defended against external intrusions and internal subversion.”

Rupert further argues that this reactionary analysis attempts to challenge corporate power but ultimately fails to understand the underlying economic structure, specifically the nature of "capital concentration and the transnational socialization of production." This lack of comprehension in the reactionary analysis then contributes to societal issues: It fosters social alienation (a feeling of being disconnected or isolated), and it intensifies "scapegoating and hostility toward those seen as outside of, different or dissenting from its vision of national identity."

Rupert concludes that as alienation grows, more overtly fascistic forces will try to draw these angry individuals into a framework that justifies the demonization (making someone loos evil) of the chosen "Other." [1]

Investigative reporter Chip Berlet argues:

When populist consumer groups, such as those led by Ralph Nader, forge uncritical alliances with business nationalists to rally against GATT and NAFTA, an opportunity emerges for the anti-elite rhetoric of right-wing populism to piggyback onto a legitimate progressive critique. Why is this a problem? Business nationalism carries with it its right-wing baggage. Pat Buchanan’s rhetoric is an example of this baggage. His racist, antisemitic and xenophobic inclinations reflect business nationalism's right-wing national chauvinism. At the core of the right wing, populism is the "producerist narrative" where the main scapegoats are people of color, especially Blacks. This narrative diverts attention from the White supremacist subtext. It uses coded language to mobilize resentment against people of color through attacks on issues immediately relevant to them, such as welfare, immigration, tax, or education policies. Women, gay men and lesbians, abortion providers, youth, students, and environmentalists are also frequently scapegoated in this manner. [1]

See also

References

  1. 1 2 3 4 5 6 Berlet Chip; Lyons, Matthew N. (2000). Right-Wing Populism in America: Too Close for Comfort . Guilford Press. ISBN   1-57230-562-2.
  2. Berlet, Chip (2007). "The New Political Right in the United States: Reaction, Rollback, and Resentment". In Thompson, Michael (ed.). Confronting the New Conservatism: The Rise of the Right in America. New York: NYU Press. p. 75. ISBN   9780814783290 . Retrieved 2016-08-27. Ultraconservative business and industrial leaders 'saw the New Deal as proof of a sinister alliance between international finance capital and communist-controlled working-class organisations to destroy free enterprise.' [...] This sector of the U.S. political Right became known as 'business nationalists[...]' [...].
  3. Huntington 2021, p. 4.
  4. 1 2 3 Thompson, Michael (2007). Confronting the New Conservatism: The Rise of the Right in America. NYU Press. ISBN   978-0-8147-8299-6.
  5. Berlet, Chip (2000). "John Birch Society" . Retrieved 6 October 2010.{{cite journal}}: Cite journal requires |journal= (help)

Bibliography