Jamesb101.com

commentary on Politics and a little bit of everything else

The Oligarch Kings…..The United Fruit Company…..The CIA…Coups…And Bananas…..

Although Rockefeller is best remembered for his oil money and his political family – his grandson was Vice President, he had interests in other monopolies too, copper, tobacco and perhaps least recalled – bananas.

He was the money in The United Fruit Company which appeared on the surface to be a fairly anodyne, if not stultifying boring firm engaged in trying to persuade the children of 50’s America in the health giving properties of milk and bananas.  Not exactly world shaking stuff.

Unless you had the misfortune to live in Central America.

The United Fruit Company had plantations in Columbia, Costa Rica, Cuba, Jamaica, Nicaragua, Panama, Santo Dominica and most infamously Guatemala.  A number of these states have had problematic relations with the USA ever since.  At the height of its powers The United Fruit Company owned a staggering 42% of the entire country of Guatemala and paid not one cent in tax on any of it.

The company also owned the railways, the telephone system, the ports and a large fleet of ships build by some of the finest shipyards in the world.

Not unsurprisingly the people of Guatemala took against this foreign domination, and when offered the opportunity in an election in 1951 to voice an opinion – voted in their droves for Jacobo Arbenz.  Arbenz had suggested the not overly revolutionary idea of buying out some of the lands that the Company was not actually using so that landless people might grow food to eat.  It wasn’t even appropriation.  Arbenz said he would pay them the agreed value The United Fruit Company stated on their own returns.  Cute!  I mean an American company would never ever undervalue its own assets for tax purposes now would it?

The company took umbrage at the utter impertinence of this jumped up peon and aided a coup of disaffected Guatemalan army officers who invaded from Honduras with covert assistance from the CIA in an operation known as PBSUCCESS.  They had persuaded Truman and Eisenhower that Arbenz was going to take the country over to the dark side and ally the country to the USSR.

So, who were these business men?  Well at the time of the Guatemalan coup we find the following closely connected with the board of United Fruit.

John Foster Dulles and the firm of Sullivan & Cromwell, had been legal council for the UFC for decades and John Foster Dulles was also a major shareholder in UFC.  And at the time John Foster Dulles was also the Secretary of State under President Dwight D Eisenhower.  Dulles’s grandfather had also been Secretary’s of State in the time of President Ben Harrison……

More……..

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May 31, 2010 - Posted by | Blogs, Counterpoints, Family, Food, Government, Law, Media, Men, Military, PoliticalDog Calls, Politics, The Economy, Travel, Updates | , , , , , , , ,

1 Comment »

  1. WONDERFUL Rockefeller former BOSS of my Grandfather

    also did projects with wheat that was started in Kansas and continued in South America

    Comment by Timothy Leal | June 1, 2010 | Reply


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