Excerpts from the proceedings at Lyndon LaRouche's lecture to Prof. Wilhelm Hankel's senior adult economics class at the Johann Wolfgang Goethe University in Frankfurt, Germany on May 29, 2006.
Prof. Wilhelm Hankel: I present an American legend, Lyndon LaRouche, a highly cultured economist, statesman, professor. He will pull us away from contemplating our own navel to cast our view beyond the borders of Germany into the globalized world. I'm glad therefore that he made the effort to come here. I now give the floor to him. He will speak in English, his mother tongue, and take a break every 5-10 minutes so this charming lady can translate his golden words into German. Thank you very much.
Lyndon LaRouche: Thank you for receiving me here.
First of all, I'd like to begin with an identification of the development which is occurring inside the United States now, which is of relevance not only to the United States, but to the world as a whole. What I'm doing, I'm pushing a piece of legislation into the U.S. Congress, through our friends and associates in the Congress, which will be a general reform of the type needed to rescue the United States itself, from what is presently a threatened and general collapse of the economy. The significance of this change in policy in the United States, is that it would be a lever for similar actions in cooperation with Europe and other parts of the world. And particularly, in the situation here in Germany.
The proposal is simply this: We have a section of the U.S. automobile industry, which is now being shut down, or in the process, it is scheduled to be shut down during the coming 24 months. The U.S. auto industry, very much like comparable things in German industry, is the biggest concentration of machine-tool design capability in the economy as a whole: The auto industry and the aerospace industries are the largest concentration of machine-tool driver capacity. Therefore, if we allow this industry, or two-thirds of it, to be shut down, that would mean the United States would permanently lose the essential machine-tool design capability on which the organization of a recovery of the U.S. economy would depend.
Now what this involves is the following. My legislation, which is greeted happily by a number of Congressmen, who have promised to support the legislation, if the right number-one sponsor in the Congress steps forward, is the following: That the U.S. government, following precedent set under Franklin Roosevelt, would legislate a takeover, temporarily, of the section of the auto industry which is doomed to be closed otherwise. What we would do then, is use this machine-tool driver capacity, from the auto industry, for other things besides producing auto. For example: We need a railroad system, which we've destroyed and must be replaced in the United States. We have our river system, the locks and dams, and water systems generally, which are now aged and collapsing, disintegrating. We have a power crisis beyond belief. The power plants that have not been replenished over the past 40 years, are now wearing out, and are about to disappear. So, we have these and other things that are desperately needed in the name of infrastructure, basic economic infrastructure. And by using these means to drive a recovery program, which is a supplementary production program, we would then be in a position to expand the economy as a whole.
This is what was done in the 1930s, with Harry Hopkins and with a gentleman who worked for him called Lucius Clay, not unknown in Germany.
So it's essentially the Roosevelt type of program.
About LaRouche - the American economist and statesman that has become a legend in our time in the fight to advance civilization, protect mankind, and create a new renaissance:
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