Revolving door

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Concept.png Revolving door  PowerbaseRdf-icon.png
Revolving door.jpg
Interest of• Powerbase
• Spinwatch

Official narrative

About John Sawers moved to become non-executive director of BP in 2015, the UK Foreign office "said it had accepted the application from Sawers to join BP on condition that "he should not draw on privileged information available to him from his time in the secret service"."[1]

Examples

Monsanto revolving door.jpg

Glenn Greenwald has described Booz Allen Hamilton as "the perfect embodiment of" the revolving door syndrome in Washington.[2] Watchdog.org reports that "More than 250 people have moved from Google and related firms to the federal government or vice versa since President Barack Obama took office."[3]

Sourcewatch has a separate page entitled "EPA's Revolving Door".[4]

Spooks

In earlier decades senior spooks tended to take non-commercial, non-political posts such as responsibilities in charities such as the national trust. In the 21st century, they are increasingly being employed by banks such as HSBC, or sometimes arms companies, ostensibly in a bid to "increase security" or advise about the dangers posed by "terrorists".[5]

Spooks and the city.jpg


 

Related Quotation

PageQuoteAuthor
Paul Volcker“In 1952, straight from the London School of Economics, Volcker joined the Federal Reserve Bank of New York as an economist. He stayed for five years, until 1957, at which time Volcker moved from Liberty Street to become an economist for Chase Manhattan Bank, where he stayed for four years, until 1961. In 1961, Volcker went to the Treasury Department in Washington, thus completing the first round of his three stop "revolving door." Appointed as Deputy Undersecretary for Monetary Affairs, he held that job just long enough to learn the ropes in Washington, and returned to New York, to Chase Manhattan Bank, as Vice President in charge of Planning. After three years in that post, Volcker left in 1969 to become Undersecretary for Monetary Affairs at the U. S. Treasury Department. After five years, Volcker completed the second round of his "revolving door" with an appointment as President of the Federal Reserve Bank of New York.

Volcker is also a member of the Council on Foreign Relations, the Rockefeller Foundation and the American Friends of the London School of Economics.

If Paul Volcker was a solitary phenomenon, we could make no case for Trilateral control of the Federal Reserve System. In fact, the Volcker phenomenon is one of a dozen parallel situations.”
Paul Volcker
Anthony Sutton


References