Fall 1941: Pearl Harbor and The Wars of Corporate America

Fall 1941. The US, then as now, was ruled by a “Power Elite” of industrialists, owners and managers of the country’s leading corporations and banks, constituting only a tiny fraction of its population. Then as now, these industrialists and financiers – “Corporate America” – had close connections with the highest ranks of the army, “the warlords,” as Columbia University sociologist C. Wright Mills, who coined the term “power elite,”[1] has called them, and for whom a few years later a big HQ, known as the Pentagon, would be erected on the banks of the Potomac River.

Indeed, the “military-industrial complex” had already existed for many decades when, at the end of his career as President, and having served it most assiduously, Eisenhower gave it that name. Talking about presidents: in the 1930s and 1940s, again then as now, the Power Elite kindly allowed the American people every four years to choose between two of the elite’s own members – one labelled “Republican,” the other “Democrat,” but few people know the difference – to reside in the White House in order to formulate and administer national and international policies. These policies invariably served – and still serve – the Power Elite’s interests, in other words, they consistently aimed to promote “business” – a code word for the maximization of profits by the big corporations and banks that are members of the Power Elite.

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