Kristie's Craziness

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Travel through TIME: Hugo Stinnes

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I have had a hard time finding information about this cover that I found interesting. Hugo Stinnes was German entrepreneur and politician. In 1923, TIME magazine called him the New Emperor of Germany due to his vast wealth and power.

The majority of Hugo Stinnes wealth was acquired through shady business. By exploiting the inflation crisis, he was able to borrow large sums of money in order to purchase coal mines, steel mills and other businesses.

Just like the current world we live in, money bought power and influence back in 1923. Stinnes was a member of the Reichstag party. He demanded the abolishment of the 8 hour work day. He supported political antisemitism.

Not exactly a great humanitarian in my opinion. From what I have read, he probably would have gotten along with Hitler. He was actually accused of financing him and Ludendorff, but Stinnes secretary denied that they had ever met.

Hugo Stinnes died in 1924. His schemes and debts caught up with him shortly after. His business empire collapsed when the creditors came to collect.

Comments

4 responses to “Travel through TIME: Hugo Stinnes”

  1. Elsie LMC Avatar
    Elsie LMC

    This was interesting, never heard of him before. Its mad how long Time magazine has been going on for!

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  2. Avi Goldin Avatar
    Avi Goldin

    Hugo Stennis saw what was happening in Bolshevik Russia, including state confiscation of industrial property and he and his industrialist friends funded the anti-Bolshevik movements in Germany to stop the Red Terror from spreading westward. Germans were also terrified with the stories of torture and mass killings perpetrated by the Bolsheviks. Already, the violence and murder, especially out of Bavaria at the time, had been underway. For that, Stennis funded the Freikorps, German WWI veterans who still had their issued Mauser rifles to successfully put down Antifa in street battles. (Yes, ‘Antifa’ (same symbol), existed in 1930’s Germany.
    So if being anti-Communist is political antisemitism, that ought to answer any questions that you might have about the whitewashed historical narratives given to us by the victors. Stennis was reacting as with any immune response given a universal rule: action-reaction, cause-and-effect.
    Another question might be, why did anti-fascist dictators (Franco, Hitler, Mussolini, Petain Degrelle, Mannerheim, Horthy..etc.) appear all at once throughout Europe; just because?
    This video series might help (7.1 rating on IMDB):
    https://us.europathelastbattle.net .

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    1. Kristie Avatar
      Kristie

      Thank you. I always appreciate extra information. The question of why all those dictators rose to power at once is haunting as well.

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  3. Avi Avatar
    Avi

    And that question, the root cause of our persecution cannot be addressed until we acknowledge exactly why there has been this animus during different periods in history. I think just acknowledging and honestly addressing these concerns that we see expressed about us in social media, e.g., being behind world war and neocon/Middle East warmongering, the accusation of ‘host culture’ subversion, running the porn industry, biased publishing and media control, open borders (these are not exactly good displays of Tikkun olam), instead of projecting and attacking free speech, as Greenblatt advocates, this would go a long way to calm this latest disturbing trend, in my opinion. I believe that those who would stifle free speech are not interested in “never again,” as I am as they would hide behind the ‘scourge of antisemitism’ to especially preserve their political power.
    Elizabeth Glass explains in five-minutes:
    https://youtu.be/2RE1hAj_MvA

    Take care,

    Avi

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