17.7.06
DESIGNER OF A NEW WORLD
1895-1983
"...The time when the British Empire was established, was also the time after Magellan had first been around the world. It was the first time we had a great empire which was a sphere.
http://www.harvardsquarelibrary.org/unitarians/fuller.html
In "Legally Piggily," the crucial chapter of his book, Fuller details not only the origins and fruits of the New Deal, but goes much further. He teaches that the Conservative revolution, "Legally Piggily" in his words, did not start with Reagan or Goldwater, as we might assume. Instead, it started with the modest and congenial Dwight D. Eisenhower. According to Fuller, the great general had much to be modest about. However, by his modesty he allowed himself to be a tool of sharp Wall Street lawyers and investment bankers. With an obvious bias, Fuller goes so far as to say that we have gone economically from finance capitalism (pre-Roosevelt) to managerial capitalism (via Roosevelt) to Legal Capitalism (post-Roosevelt), or as Fuller calls it--LAWCAP.
A technocrat with Socialist leanings, Fuller felt betrayed by the great corporations that were saved by policies instituted by Roosevelt's Board of Economic Warfare. Not only were these companies given enormous war contracts at a federally guaranteed profit of 10%, they also were given sizeable loans and technical expertise via government scientists. Since Fuller was a leading advocate of technocracy who hoped to use it to revolutionize the world, the board even forgave most of these loans. They also altered the tax code to make all research and development a pre-tax expense.
However, the Wall Street lawyers, being among the best strategic minds of their generation, lobbied Eisenhower to eliminate the U.S. Bureau of Standards. Also, they had convinced him by 1952 to allow insurance companies to invest in any common stock that their directors saw fit. In respect to tort reform, this made it possible for insurance companies to invest as much of their clients' money as possible in higher risk/return equity, knowing that they always could recover any losses by raising policy premiums as they eliminated the major watchdogs of their industry.
In Critical Path, Fuller wrote, "In the invisible, esoteric world of today's science there is no way for the American public, without the U.S. Bureau of Standards' scientists, to follow the closely held technical secrets of the big, profit-oriented corporations.http://www.harvardsquarelibrary.org/unitarians/fuller.html