{"id":402706,"date":"2019-04-08T19:21:47","date_gmt":"2019-04-08T18:21:47","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/what-an-empire-built-on-nazi-collaboration-says-about-our-economy\/"},"modified":"2019-04-08T19:21:47","modified_gmt":"2019-04-08T18:21:47","slug":"what-an-empire-built-on-nazi-collaboration-says-about-our-economy","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/what-an-empire-built-on-nazi-collaboration-says-about-our-economy\/","title":{"rendered":"What an Empire Built on Nazi Collaboration Says About Our Economy"},"content":{"rendered":"<div>\n<p>Coffee drinkers and donut eaters learned something troubling recently. The owners behind JAB Holding Company \u2014 the German firm that owns or controls Krispy Kreme; Panera Bread; several coffee brands, including Keurig Green Mountain, Peet\u2019s and Caribou; Pret a Manger and Einstein Bagels \u2014 <a href=\"https:\/\/www.nytimes.com\/2019\/03\/25\/world\/europe\/nazi-laborers-jab-holding.html\">revealed<\/a> that the family fortune was in no small part built on their mid-century ancestors\u2019 enthusiastic collaboration with the Nazi regime, including the <a href=\"https:\/\/www.bbc.com\/news\/world-europe-47692099\">use of forced labor<\/a> in their factory and home.<\/p>\n<p>It\u2019s an open question whether the $11 million or so the Reimann family has promised to donate to an as-yet-unspecified organization is enough to atone for this shameful corporate heritage. But let\u2019s, for the sake of argument, take the Reimanns\u2019 denials of prior knowledge and their willingness to face their family\u2019s awful history at face value.<\/p>\n<p>What does it say about our economy when capital\u2019s provenance is so opaque that even the direct descendants inheriting it did not understand where it came from, let alone the consumers whose relationship with that capital is mediated almost entirely through the artificial distinctions of brand identity?<\/p>\n<div class=\"truth-post-content-high  inline-callout-container\" id=\"truth-1374389789\">\n<div class=\"truth-post-content-high\" id=\"truth-229240947\">\n<aside class=\" callout inline-callout callout--subscribe callout--dark\" id=\"truth-2127344163\">\n<h2>Don\u2019t miss a beat<\/h2>\n<p>Get the latest news and thought-provoking analysis from Truthout.<\/p>\n<\/aside>\n<\/div>\n<\/div>\n<p>Businesses, of course, need money to grow and scale. But our traditional picture of where this money comes from is increasingly out of date. Privately held companies like JAB Holding are today displacing traditional \u201cshareholder capitalism.\u201d <em>The Wall Street Journal<\/em>, for instance, found that in 2017 <a href=\"https:\/\/www.wsj.com\/articles\/stock-and-bond-markets-dethroned-private-fundraising-is-now-dominant-1522683249\">at least $2.4 trillion was privately raised <\/a>in the United States \u2014 more than the $2.1 trillion raised through public markets.<\/p>\n<p>This less regulated and less transparent private money is increasingly in the driver\u2019s seat of the economy. For all its flaws, the model of the public corporation at least, in theory, promised opportunities for broad participation and the possibility of public oversight. The black hole of private finance, however, makes no such&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/truthout.org\/articles\/what-an-empire-built-on-nazi-collaboration-says-about-our-economy\/\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coffee drinkers and donut eaters learned something troubling recently. The owners behind JAB Holding Company \u2014 the German firm that owns or controls Krispy Kreme; Panera Bread; several coffee brands, including Keurig Green Mountain, Peet\u2019s and Caribou; Pret a Manger and Einstein Bagels \u2014 revealed that the family fortune was in no small part built [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-402706","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/402706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=402706"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/402706\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=402706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=402706"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=402706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}