This radical transformation of society, from feudalism to capitalism terrified and alarmed many people in Europe and the USA. These societies existed during a time when the theories of race were commonly accepted and discussed as a science -- to justify both slavery and the imperial exploitation of Africa and other colonies. As well as racist prejudice one other common bigotry was anti-Semitism, the hatred of Jews. As capitalism developed, producing transnational, global insitutions many racists alarmed at this transformation identified the enemy behind it -- that of the Jew. As part of anti-semitic prejudice throughout Europe, Jews were forced into jobs in the financial sector that Christians deemed immoral -- like banking. So when the industrial revolution was financed by and empowered banks with Jewish owners anti-semites saw a conspiracy by the Jewish race to enslave the white Christian race.
So much wrong in just one pictureThe most notorious subject of these anti-Semitic conspiracy theories was the Rothschild Family. The Rothschilds were an extremely wealthy and powerful banking family during the 1800’s, who exercised massive influence over the developing capitalist economies of Europe and North America. This combination of power and Judaism made them the frequent target of anti-Semitic conspiracy theories. As a major banking institution there’s no question the Rothschild’s would have been involved in underhanded and conspiratorial plans to influence governments and secure their markets -- but the accusations labelled at the Rothschilds go way beyond criticism of bankers influence, and into conspiracy nonsense about world Jewish plots to enslave the world. For example, the Rothschilds were accused of both funding American Capitalism and Russian Bolsheviks, a ridiculous allegation that had it’s base in anti-socialist racist sentiment. Many anti-Semites were disturbed at the challenge global capitalism posed to nation states sovereignty and could not understand the power of the economic system they faced, so instead chose to blame it on conspiratorial groups.
These ideas -- anti-banking sentiment of small business Democrats, and anti-semitic opposition to the Rothschilds -- unfortunately haven’t remained in the past. They continue to be advocated by people like Zeitgeist, Alex Jones and David Icke. This piece by Norfolk Community Action Group criticizes the influence these forces have in the occupy movement,
“The populist narrative is also an integral part of the political views of conspiracy theorists, far right activists, and anti-Semites. For anti-Semites, the elites are the Jews; for David Icke, the elites are the reptilians; for nationalists, they are members of minority ethnic, racial, or religious groups; for others, they are the “globalists,” the Illuminati, the Trilateral Commission, the Freemasons, the Federal Reserve, etc. All of these various conspiracy theories also tend to blend in and borrow from each other. Additionally, the focus on “Wall Street” also has specific appeal to those who see the elite as represented by finance capital, a particular obsession of the anti-Semites, Larouchites, followers of David Icke, etc. “The Rothschilds” are the favorite stand-in codeword of choice to refer to the supposed Jewish control of the banking system.”
The “Rothschild Zionists” feature in both Alex Jones and Icke’s material -- which blame a 200 year old banking institution for conspiratorial involvement in global capitalism. The reality is that the Rothschilds influence declined by the early 1900s -- blaming them for the financial crisis is like blaming the British East India company for the ongoing exploitation of Asia. The Rothschilds have been surpassed and overtaken by new financial institutions.
So why do they continue to be prevalent in conspiracy theories related to banking? Because in the USA, when people are discontent and angry at the banks instead of looking to socialism -- which has historically been weak in the USA -- they go back to the most prominent anti-banking ideas and figures, which unfortunately are anti-semitic. Likewise many bankers are identified as “Rothschild Zionists” by Icke who clearly have no familial connection to the Rothschild family at all -- like David Miliband and DSK. But it’s ok, as Icke explains:
“I should also stress that when I say ‘Rothschild’, I don’t only mean those called ‘Rothschild’, nor even all of the people who are known by that name. There are many in the Rothschild family and its offshoots who have no idea what the hierarchy is doing and there are many ‘Rothschilds’ who don’t carry the name itself.
When I say ‘Rothschild’, I am referring to the Rothschild bloodline because, as I have detailed in my books, they have long had breeding programmes that produce offspring that are brought up under other names.”
This is effectively an excuse to link all Jewish people in areas of power together, based on racist ideas of “bloodlines”, and using the code “Zionist” instead of what people really mean, which is Jew. Whatever crimes have been committed in the Zionist enterprise of the State of Israel against the Palestinians, the idea a country of five million Israelis control international finance is absurd and only makes sense if you believe in anti-Semitic conspiracy theories.
because he also cautioned Atzmon a number of times for his overgeneralisations, when it came to "Jews", which Atzmon had to actually acknowledge.
