Hearing - Day 3
Vice-Chairman of Olivetti, Member of the Steering
Committee of Fiat-Turin, and President of Italconsult,
Kenneth Younger, Director, Royal Institute of
International Affairs, London.
was there to testify on U.S. trade policy. No
mention in his biographical information that his degree
was in Economics with his thesis on Lenin's New Economic
Page 14 - "To promote
trade to the benefit of developing countries, in the
order of magnitude which would be required, we must
accept in practice not only in principle, the need for
an international redistribution of labor and production.
The principle has been heralded forcefully and
insistently, but the practice has not yet been adopted,
if not in a token measure".
This is an extremely unpalatable
proposition, since it entails first of all a bold action
within our own countries, and also a willingness to
assume delicate political and economic consequences.
It is in fact a double-edged blade, because we should
decide gradually to eliminate within our own economies
certain productions, even though the most elementary,
and at the same time open our doors to the imports of
the same products from abroad.
In the process, domestic production and import production will have
to compete on an uneven basis, and instead of pursuing
protectionist policies, which would be called for in
classical patterns, we should extend a preferential
- "One important fact should be borne in mind, that is that
international trade is no longer going to be governed by a
purely mercantile basis. International trade requires a more
complex and sophisticated approach; industrial and financial
investments, consultative activities and technical assistance
become part and parcel of the commercial activity at large.
Trade demands nowadays a global participation in the challenging
venture of economic development".
Page 38 -
Developed-Underdeveloped and East-West Relations by
Aurelio Peccei. He quotes Robert McNamara,
"Security is Development" (pg. 46)... A
Pragmatic Approach needed: "Secondly, that the program
be entrusted in fact to a non-political
non-controversial institution such as a foundation of
high repute; whose task should be to prepare the terms
of reference and then to mobilize and co-opt the most
qualified institutions, research centers, academies and
individual experts from all over the world".
* * *
* * *
In 1968 - the Club of Rome
was founded by Aurelio Peccei and Alexander King, OECD
(formerly OEEC) with Rockefeller money and influence.
The significance of Aurelio
Peccei's testimony in this hearing is that it reveals
the true agenda of the Club of Rome (MIT study - Limits
to Growth, etc.) It wasn't about the environment.
That was just the cover story for what Peccei was really
after - which was the transfer of wealth and technology
from the United States to the rest of the world -
including Europe. Implicit in his testimony was
the call for de-industrialization of the U.S. and
industrialization of the third world. Which is
exactly what the Congress enabled through the fast track
sell-out of the United States.