David Rockefeller's true legacy is much more mired in controversy than major
publications seem willing to admit. (photo: Dennis Van Tine/STAR MAX/IPx)
The True Legacy of David Rockefeller
By MintPress News
21 March 17
While often remembered for his philanthropy, the last surviving grandson of
America's first billionaire died today, leaving behind a dark legacy
indicative of how American nobility often shape policy from behind the
scenes.
No one person encapsulates the enduring legacy of the "robber barons" of the
Industrial Age quite like David Rockefeller. Rockefeller, who died today at
the age of 101, was the last surviving grandson of John D. Rockefeller, the
oil tycoon who became America's first billionaire and the patriarch of what
would become one of the most powerful and wealthiest families in American
history. David Rockefeller, an undeniable product of American nobility,
lived his entire life in the echelons of U.S. society, becoming symbolic of
the elite who often direct public policy to a much greater extent than many
realize, albeit often from the shadows.
Rockefeller made it clear that he preferred to operate out of public view
despite his great influence in American - and international - politics. Due
to his birthright, Rockefeller served as an advisor to every president since
Eisenhower, but when offered powerful positions such as Federal Reserve
chairman and Secretary of the Treasury - he declined, preferring "a private
role."
As evidenced by the numerous obituaries bemoaning the loss of the last of
the Rockefeller's grandsons, he was largely successful in hiding his most
significant wrongdoings from public view, as evidenced by his
characterization as a generous philanthropist and influential banker.
But as is often the case, Rockefeller's true legacy is much more mired in
controversy than major publications seem willing to admit. In addition to
having the ear of every U.S. president for the better part of the last 70 or
so years, Rockefeller - once again operating "behind the scenes" - was
instrumental in shaping the more cringe-worthy aspects of U.S. policy during
that time, as well as being a major force in establishing banking policies
that led to debt crises in the developing world.
Rockefeller - as the head of Chase Manhattan Bank from 1969 to 1981 - worked
with government and multinational corporations throughout the world to
create a "global order" unequivocally dominated by the 1 percent, of which
his family was a part. As the New York Times noted back in the 1970s,
Rockefeller became embroiled in controversy when his constant trips overseas
caused the bank to become less profitable, as he prioritized the bank's
influence on foreign politics over its actual business dealings.
During his time as Chase CEO, Rockefeller helped laid the foundation for
repressive, racist and fascist regimes around the world, as well as
architecture for global inequality. In addition, Rockefeller helped to bring
the debt crisis of the 1980s into existence, in part by direct action
through Chase Bank and also indirectly through his former
employee-turned-Federal Reserve chairman Paul Volcker. Two years before the
debt crisis erupted, Rockefeller, Volcker and other top bankers met at the
International Monetary Conference in 1980s to argue for the establishment of
a "safety net" for major banks - like Chase - that were embroiled in bad
loans given largely to countries in the developing world.
After the crisis brought financial ruin to Latin America and other
developing areas throughout the world, Rockefeller - along with other
bankers - created austerity programs to "solve" the debt crisis during
subsequent IMC meetings, provoking inequality that still persists to this
day. However, thanks to the "safety net" conveniently established years
prior, Chase avoided the economic consequences for its criminal actions.
In addition, Rockefeller supported the bloody and ruthless dictatorships of
the Shah of Iran and Augusto Pinochet of Chile while also supporting Israeli
apartheid. Rockefeller then went on to found the influential Trilateral
Commission while also serving as a major force on the Council on Foreign
Relations that he, along with his close friend Henry Kissinger, would come
to dominate.
Both of these organizations have come under fire for using their powerful
influence to bring about a "one-world government" ruled by a powerful,
ultra-wealthy elite - an accusation to which David Rockefeller confirmed as
true in his autobiography. Far from the generous philanthropist he is made
to be, David Rockefeller deserves to be remembered for his true legacy - one
of elitism, fascism and economic enslavement.
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