HOUSE_OVERSIGHT_029073.jpg
2.11 MB
Extraction Summary
2
People
8
Organizations
3
Locations
1
Events
1
Relationships
4
Quotes
Document Information
Type:
Transcript / interview record (house oversight committee document)
File Size:
2.11 MB
Summary
This document appears to be a transcript page from a House Oversight collection featuring a conversation between Steve Bannon and Benjamin Harnwell. Bannon discusses the Export-Import Bank, criticizing it as crony capitalism that benefits corporations like GE and Boeing at the expense of taxpayers, while contrasting 'corporatists' with 'entrepreneurial capitalists.' The text also includes a pull-quote regarding right-wing parties and anti-Semitism.
People (2)
| Name | Role | Context |
|---|---|---|
| Steve Bannon | Speaker/Interviewee |
Discussing economics, the Export-Import Bank, and crony capitalism.
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| Benjamin Harnwell | Moderator/Interviewer |
Referred to as 'Harnwell' in the transcript; thanks Steve and opens the floor to questions.
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Organizations (8)
| Name | Type | Context |
|---|---|---|
| The Economist |
Cited by Bannon as a source to read about current events.
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| Financial Times |
Cited by Bannon as a source to read about current events.
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| Export-Import Bank |
Described by Bannon as an obscure federal agency involved in a fight potentially leading to a government shutdown.
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| General Electric |
Cited by Bannon as a large corporation receiving cheap financing.
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| Boeing |
Cited by Bannon as a large corporation receiving cheap financing.
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| Tea Party |
Political movement using the bank situation as an example of cronyism.
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| Acton Institute |
Described as a tremendous supporter of entrepreneur capitalism.
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| House Oversight Committee |
Implied by the footer 'HOUSE_OVERSIGHT'.
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Timeline (1 events)
Unknown
A panel discussion or interview involving Steve Bannon and Benjamin Harnwell, likely hosted or attended by Acton Institute affiliates.
Unknown
Locations (3)
| Location | Context |
|---|---|
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Mentioned in the context of a revolution movement and entrepreneurial spirit.
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Used as a comparison point for corporatist behavior.
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Used as a comparison point for corporatist behavior.
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Relationships (1)
Harnwell thanks Steve and manages the Q&A session.
Key Quotes (4)
"It’s called the Export-Import Bank. And for years, it was a bank that helped finance things that other banks wouldn’t do. And what’s happening over time is that it’s metastasized to be a cheap form of financing to General Electric and to Boeing..."Source
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Quote #1
"I’m not an expert in this, but it seems that [right-wing parties] have had some aspects that may be anti-Semitic or racial ... My point is that over time it all gets kind of washed out, right?"Source
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Quote #2
"They’re what we call corporatist. They want to have more and more monopolistic power and they’re doing that kind of convergence with big government."Source
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Quote #3
"the people like the corporatists that are closer to the people like we think in Beijing and Moscow than they are to the entrepreneurial capitalist spirit of the United States."Source
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Quote #4
Full Extracted Text
Complete text extracted from the document (2,341 characters)
how development aid is spent internationally and how that can be driven away from — it damages people on the ground but it also perpetuates a governing class. And the point that you’re mentioning here, that I think that you’re saying has driven almost a revolution movement in America, is the same phenomenon of what’s going on in the developing world, which is a concept of government which is no longer doing what it is morally bound to do but has become corrupt and self-serving. So it’s effectively the sa—
Bannon: It’s exactly the same. Currently, if you read The Economist, you read the Financial Times this week, you’ll see there’s a relatively obscure agency in the federal government that is engaged in a huge fight that may lead to a government shutdown. It’s called the Export-Import Bank. And for years, it was a bank that helped finance things that other banks wouldn’t do. And what’s happening over time is that it’s metastasized to be a cheap form of financing to General Electric and to Boeing and to other large corporations. You get this financing from other places if they wanted to, but they’re putting this onto the middle-class taxpayers to support this.
“I’m not an expert in this, but it seems that [right-wing parties] have had some aspects that may be anti-Semitic or racial ... My point is that over time it all gets kind of washed out, right?”
And the tea party is using this as an example of the cronyism. General Electric and these major corporations that are in bed with the federal government are not what we’d consider free-enterprise capitalists. We’re backers of entrepreneurial capitalists. They’re not. They’re what we call corporatist. They want to have more and more monopolistic power and they’re doing that kind of convergence with big government. And so the fight here — and that’s why the media’s been very late to this party — but the fight you’re seeing is between entrepreneur capitalism, and the Acton Institute is a tremendous supporter of, and the people like the corporatists that are closer to the people like we think in Beijing and Moscow than they are to the entrepreneurial capitalist spirit of the United States.
Harnwell: Thanks, Steve. I’m going to turn around now, as I’m sure we have some great questions from the floor. Who has the first question then?
HOUSE_OVERSIGHT_029073
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