The Left-Wing Liberal Puppet Show
More than fifty years ago, the Morgan firm decided to infiltrate the Left-wing political movements of the United States. This was relatively easy to do since these groups were starved for funds and eager for a voice to reach the people. Wall Street supplied both. The purpose was not to destroy, dominate or take over but was really three-fold:
1) to keep informed about the Left-wing or liberal groups;
2) to provide them with a mouthpiece so they could blow off steam;
3) to have a final “veto” on their actions if they ever went radical. There was nothing really new about this decision, since other financiers had talked about it and even attempted it earlier.
The best example of the alliance of Wall Street and Left-wing publication was “The New Republic” a magazine founded in 1914 by Willard Straight using Payne Whitney money. The original purpose for establishing the paper was to provide an outlet for the progressive Left and to guide it in an Anglophile direction. This latter task was entrusted to Walter Lippmann.
As I often remark in comments, Cultural “Marxism” is as close to class-war Marxism, as the latter is to Christianity. Cultural “Marxism” is in fact highly reactionary, and complements present Capitalism/Corporatism. As a side note, Cultural “Marxism” also hurts Zionism, so it is wrong to call this alliance of Wall Street with the “Left”-wing a Zionist conspiracy.