One of the key distinctions between a capitalist and a non-capitalist (socialist, feudal, absolutist state) economy is the separation of state and private enterprise.
"....The Levey Levy: How American Zionists Freeze Financial Profits
In 2004 a little noticed administrative add-on in the US Treasury Department took place that has had world historic significance: AIPAC (American Israel Public Affairs Committee) pressured Treasury to create the position of “Undersecretary for Terrorism and Financial Intelligence”. Equally important, under strong pressure from AIPAC, a zealous Zionist of immense energy, Stuart Levey was appointed to head the new agency.
Levey used all the administrative mechanisms in the Treasury, from threats of penalties, fines and ostracism, to friendly and hostile persuasion, to line up US federal and state public and private pension funds to sacrifice lucrative investments in targeted countries, most of whom, lo and behold, were adversaries of Israeli occupation of Palestine.
Even as Levey was imposing state constraints over the operations of private investors in the US, he organized his entire staff to police the financial world abroad. Levey and his Zionist allies in the so-called “Israel lobby” called on their Congressional cronies to approve sanction policies which not only affected US banks, manufacturers and construction companies but which penalized any European, Asian and Middle Eastern bank which had economic dealings with Iran and other countries on his list (Cuba, North Korea among others).
Levey extended the sanctions to cover firms and investors with even indirect economic ties to the US: his secret financial police located funds which passed from one private bank to another which had tangential links to US banks and Levey applied and secured hundreds of millions in fines against Swiss, Chinese (Macao) English and other banks. Effectively the US imperial state via its Undersecretary of Treasury, harnessed the entire world’s financial system to serve US and Israeli foreign policy...."
"....The Levey Levy: How American Zionists Freeze Financial Profits
In 2004 a little noticed administrative add-on in the US Treasury Department took place that has had world historic significance: AIPAC (American Israel Public Affairs Committee) pressured Treasury to create the position of “Undersecretary for Terrorism and Financial Intelligence”. Equally important, under strong pressure from AIPAC, a zealous Zionist of immense energy, Stuart Levey was appointed to head the new agency.
Levey used all the administrative mechanisms in the Treasury, from threats of penalties, fines and ostracism, to friendly and hostile persuasion, to line up US federal and state public and private pension funds to sacrifice lucrative investments in targeted countries, most of whom, lo and behold, were adversaries of Israeli occupation of Palestine.
Even as Levey was imposing state constraints over the operations of private investors in the US, he organized his entire staff to police the financial world abroad. Levey and his Zionist allies in the so-called “Israel lobby” called on their Congressional cronies to approve sanction policies which not only affected US banks, manufacturers and construction companies but which penalized any European, Asian and Middle Eastern bank which had economic dealings with Iran and other countries on his list (Cuba, North Korea among others).
Levey extended the sanctions to cover firms and investors with even indirect economic ties to the US: his secret financial police located funds which passed from one private bank to another which had tangential links to US banks and Levey applied and secured hundreds of millions in fines against Swiss, Chinese (Macao) English and other banks. Effectively the US imperial state via its Undersecretary of Treasury, harnessed the entire world’s financial system to serve US and Israeli foreign policy...."
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