On the Importance of Nationalization

Building a national economic program that fosters American sovereignty

Last week, we discussed the “Myth of Separation of Church and State.” This week, we will dive into another myth that exists within American society, and that is the myth of the so-called “free-market.” We touched on this a little bit when looking back at Trump’s first term, as the first Trump administration spent 7.4 trillion dollars in 2020 alone, and, more significantly, printed 3.3 trillion dollars over just three and a half months from February to June 2020. No one ever talked about this, and how Biden really wasn’t as much to blame for the inflation we have felt over the past 4 years as the first Trump administration was. Of course, Biden did not do much to alleviate the damage which was done.

When our government prints money, we don’t feel the inflationary impacts until at least a year later. Additionally, money printed in the midst of stock market crashes such as the COVID crash of 2020 is used to buy back bonds from major financial institutions and artificially inflate the market, rather than let it drop as it should in a “free market.” The fed purchased $3 trillion worth of bonds from major financial institutions in 2020 with the money they printed. This is not “free market economics.” This was a bailout of the so-called “free market” that was four times greater than Obama’s $800 billion bailout of Wall Street in 2008. But we haven’t had a “free market” in our country in a long time, if ever.

The reality is, every business with some sway of influence within our country is either backed heavily by the federal state apparatus or some foreign state. Obviously, we should not have companies in our country under the control of foreign governments, as this is a national security threat, but in terms of the corporations backed by our government (which is also compromised by foreign governments like Israel and special interest groups that operate in an anti-American multinational and globalist fashion), we are in desperate need of a shift within the mindset of our citizens towards new economic philosophies that will provide our nation with true sovereignty. We must demand that our nation no longer be enslaved to corporations, but rather that our corporations are enslaved to our nation.

Yes, our politicians are slaves to multinational corporations and foreign governments. And, because we live in a democracy where our politicians are meant to represent us, their enslavement, by extension, represents our enslavement. In order to build an economy that fosters national sovereignty, we must stop holding onto this outdated myth of the “free market” and recognize that corporations and major industries must either be nationalized or heavily regulated by our nation and politicians, specifically politicians who put America First. The state must regulate corporations and industries or outright take control of them, not the other way around, as has been the case for far too long.

Corporations, legally, are entities that have all the same rights as people. Except they have more rights than people, because they can exist for eternity. Essentially, American corporatism, which is the economic system we live under in the era of post-industrial capitalism, grants corporations the status of immortal beings. 1 U.S. Code § 1 states that “in determining the meaning of any Act of Congress, unless the context indicates otherwise … the words ‘person’ and ‘whoever’ include corporations, companies, associations, firms, partnerships, societies, and joint stock companies.” This is unacceptable. We can not continue to allow corporations to have equal rights to people, let alone more rights, as they not only possess the same rights we do, but also have the right to exist eternally. It should not be controversial to say that people should not be enslaved, but corporations should be. There is nothing wrong with believing that corporations should be slaves that exist to serve us, the American people, because corporations are not people.

In terms of how we must go about structuring our industries and economy to serve the American people, the tool of nationalization must be used heavily within seven key industries that are critical to national sovereignty, and strict regulation must be used for the remaining industries that are to stay mostly privatized, ensuring they exist in the service of the American people. Nationalization must be used to take over the overwhelming majority of the following seven industries that are critical to our sovereignty: Banking, Energy and Natural Resources, Infrastructure, Pharmaceuticals, Healthcare, Military and Weapons Manufacturing, and Big Tech. Let’s dive into what that might look like:

In terms of the Banking industry, regional, national, and multinational banks must be nationalized, and the sinful system of usury must be abolished. Community banks, which are banks with less than $10 billion in assets, can remain privatized, but usury must still be outlawed, this is nonnegotiable. One common misconception about central banking is that central banking and the Federal Reserve are state institutions. Central banking is indeed terrible for our country, as is the Federal Reserve, but central banking is not actually “central,” nor is the Federal Reserve actually “federal.” The Federal Reserve is made up of the Federal Reserve Board of Governors, the Federal Open Market Committee (FOMC), and, most importantly as this is the actual banking division of the Federal Reserve, 12 Regional Reserve Banks that are structured as private corporations, each with a board of directors and stock that is almost entirely owned by private commercial banks.

While on paper the Federal Reserve is subject to federal government oversight, the reality is that the opposite occurs and the Federal Reserve oversees the federal government far more than the federal government oversees the Federal Reserve. The Federal Reserve Board of Governors is made up of 7 members who are appointed to 14-year terms by the US President. Of course, the big commercial banks lobby the Executive Branch of the federal government for appointments onto this board. The FOMC has the job of setting interest rates and is made up of seven Fed Governors and five of the 12 Reserve Bank presidents. The private commercial banks, who own the private stock of the 12 Federal Reserve Regional Banks get to choose who is on the boards of these banks and by extension who the Reserve Bank presidents are. From top to bottom, the Federal Reserve is privately owned and operated. The Federal Reserve must be abolished and regional, national, and multinational banks must be nationalized to create a new national banking system that operates to fulfill the banking needs of the American people without the sinful system of usury.

Energy and natural resources as well as infrastructure need to be nationalized. Natural resources include water, precious metals, and oil, whereas energy is our electric grid, and the nuclear, solar, gas, wind, hydroelectric, and other forms of energy that power it. The resources and energy of a nation must belong to the nation, this is critical to national sovereignty. We do not need to figure out the exact scale of mass nationalization for these industries, whether it should be 75% or 80% or 90% nationalized. At this point, we can only estimate about certain energy and natural resources sectors and the scale of nationalization of each sector, but we must recognize that it must be the overwhelming majority. For example, there is a good argument to be made that the battery sector should remain privatized, but it will take a coalition of economists to develop the exact framework for how to structure the nationalization of energy and natural resources. The goal, right now, should be to develop a recognition and economic consciousness within American society of the importance of mass nationalization of the seven industries that are critical to our national sovereignty. Infrastructure nationalization doesn’t mean the construction industry needs to be nationalized, but the infrastructure the construction industry builds, the international shipping companies, the trains, and the airplanes do. We need to reindustrialize, we need high speed rail, and we need a national infrastructure revolution yesterday, as most of our infrastructure, particularly our energy and transportation infrastructure, was designed and built in the 1960s, and is reaching the end of its lifespan.

Additionally, we must stress that calling for energy and natural resources to be nationalized is not calling for resource-free land and real estate to be nationalized on a mass scale. Land reform is definitely necessary. Foreigners should not be able to own American land, and land for agriculture should be owned either individually or cooperatively by those the work the land, not by Big Ag. There also should be state-owned sectors to compete with the private sectors of land and real estate, but unlike the seven industries critical to economic sovereignty that need to be overwhelmingly nationalized, these industries should not be overwhelmingly nationalized or even majority nationalized. The reason there still should be a minority portion of these industries that is owned by the state sector is because this boosts healthy competition within the market. Markets can have healthy and fair competition, but not when they are “free markets,” which is to say entirely privatized markets.

The Pharmaceutical, Healthcare, Military Industrial Complex (MIC), and Big Tech industries must be nationalized for a few reasons. Big Pharma and Healthcare must be nationalized in conjunction with a major increase in financial incentives for doctors and scientists to develop cures for diseases, not treatments. This is so that we can maintain our competitive edge and reward people for innovation, while also incentivizing innovation that actually makes revolutionary impacts in the field of medicine. Currently, it is more profitable for diseases to be perpetually treated rather than altogether cured, and this is stifling healthcare innovation in our country. Additionally, there is no reason that the Military Industrial Complex should remain privatized. Currently, the MIC is owned by traitors and foreign adversaries who want to keep our country in a perpetual state of war, and they have one of the largest lobbies to do so. As we know, this lobby coordinates strongly with the Oil Lobby. They have found a way to make war one of the most profitable industries for a small group of elites within our society, many of whom are foreigners who do not even belong in our society. Israel especially benefits from our war machine, and is among the greatest of infiltrators into this industry.

In terms of Big Tech, as well as the three aforementioned industries (Pharma, Healthcare, and the MIC), there needs to be an in-depth discussion on how “socialism” for the elite exists in the United States. We already discussed one way this is done, such as through stock market bailouts like in the crashes of 2008 and 2020, but another form of “socialism” for the elite exists in the form of research and development, whether it be for the pharmaceutical, the weapons manufacturing, or the technology industries. In the era of post-industrial capitalism, taxpayers make the investments, and corporations take the profits. The internet, for example, was built in the state sector by DARPA, but Amazon, Microsoft, and Google own most of the internet servers. These servers must be nationalized. After years and years of taxpayer investments, the internet was created, something profitable was created from our investments, and yet corporations were the ones to profit, not the public who took on the risk of investing in this innovation for years with no guarantees that these investments would bear any fruit. Economist Martin Wolf tells us in the Financial Times:

“The US National Science Foundation funded the algorithm that drove Google’s search engine. Early funding for Apple came from the US government’s Small Business Investment Company… all the technologies which make the iPhone ‘smart’ are also state-funded … the internet, wireless networks, the global positioning system, microelectronics, touchscreen displays and the latest voice-activated SIRI personal assistant… Apple put this together, brilliantly, but it was gathering the fruit of seven decades of state-supported innovation… Why is the state’s role so important? The answer lies in the huge uncertainties, time spans and costs associated with fundamental, science-based innovation. Private companies cannot and will not bear these costs, partly because they cannot be sure to reap the fruits and partly because these fruits lie so far in the future.”

While most of Big Tech’s tech came entirely from the state sector (from the taxes and investments of the American people), we still have to give credit to individuals who helped take these innovations to the next level. Steve Jobs was a brilliant mind and deserved to be compensated astronomically by the state for what he did, but his company would not exist without significant research and development that was funded by (and risk that was taken on by) the public. Big Tech companies should be publicly owned, not publicly traded on the stock market, but publicly owned, or under total state oversight. The investments made by American taxpayers for the research & development of the most significant technologies in history should pay off the American people, not just private shareholders.

Outside of the seven main industries critical to economic sovereignty that need to be overwhelmingly nationalized, many other industries should remain mostly privatized. However, these industries must be heavily regulated so that we do not again fall into the trap of having systems in place that allow our politicians to become enslaved to corporations. We must remember that our industries and corporations should be enslaved to our nation, not the other way around. News media should not be nationalized, but foreigners and dual-citizens should not be allowed in American news media. Social media should be subject to total state oversight, whereby all platforms should have publicly available algorithms that allow us to know that Americans voices are heard equally. If we choose to allow foreigners to use our social media, their voices should be heard equally amongst foreigners, but less than Americans. Additionally, all social media should legally be required to comply with the First Amendment, and that is the biggest reason why total state oversight is necessary for social media.

The entertainment industries (such as music and film and media), the retail industries (such as appliances and clothing and other various household items you might find at your local Walmart), the automotive industry, construction, agriculture, real estate and architecture, the list goes on for industries that should remain mostly privatized, but the seven industries that are critical to the sovereignty of our nation must be overwhelmingly nationalized. Again, this doesn’t mean they need be totally and completely nationalized, but they do need to be overwhelmingly nationalized (around 75-95% nationalized depending on the industry). Likewise, the industries that are not critical to our economic sovereignty should not be totally privatized, but still need to have small public sectors within these industries that exist to maintain a healthy and competitive market in these industries. We cannot allow ourselves to be fooled into believing a “free market” has existed, or can exist, in the modern era, as this trickery is designed to scare us away from using the tool of nationalization, which is the tool we need to use to allow our nation to become economically and nationally sovereign. They will use words like “socialism” and “communism” and “fascism” to scare the population away from nationalization of industry, but these words shouldn’t scare us. What should scare us is the constant push for greater and greater privatization, if not total privatization, that sells our nation and our people off to the highest bidder.

In America, we have our own philosophies and revolutionary leaders that we can look to to guide our economic policy, and we need economists who are trained Hamiltonianists who put America First. China utilizes a mixture of the private market and nationalization quite effectively, and while we can borrow certain ideas from nations like China, we should not try to copy the economic model of other countries, as we have our own unique history and culture, and we have the history and experience to look inwardly to see what we need to do to craft a truly sovereign economy for our nation. Corporations were originally seen as infringements on the “free market” by the American conservatives of 100 years ago, when they were first being created within markets. Perhaps the market may have been “free” a hundred years ago before the mass emergence of corporations, this is debatable, but we now live in the era of post-industrial capitalism and corporatism and we cannot go back. We must go forward economically, culturally, and politically, if we truly want our nation to have the sovereignty it so desperately needs.