(why Venezuela should have preference over Guatemala for a UN seat)
Overthrow - America's Century of Regime Change from Hawaii to IraqDemocracy Now
Friday, April 21st, 2006
part 1
http://www.democracynow.org/article.pl?sid=06/04/21/132247&mode=thread&tid=25part 2
http://www.democracynow.org/article.pl?sid=06/05/08/1353206(video, audio, transcript)
<snip>
In Guatemala, economic life was totally dominated by one American company: the United Fruit Company. It was a uniquely powerful company, had great ties in Washington. Many of the senior people in the Eisenhower administration were either stockholders or former board members or otherwise closely connected with United Fruit. Now, in Guatemala, not only was United Fruit producing most of that country's banana exports, but it also owned more than half a million acres of land, some of the richest land in the country, that it didn't use. It was just holding this land for some potential future use.
Now, President Arbenz, who was in power in Guatemala in the early 1950s, wanted to take that land and use it to divide up among starving Guatemalan peasants.
And with a democratic vote of the elected Guatemalan congress, a land reform law was passed that required the United Fruit Company to sell its unused land to the Guatemalan government at the price that United Fruit had declared on its last years tax returns as the value of that land. Well, naturally the fruit company went crazy when they got this request and said, Of course, nobody puts down the real value of the land on their tax returns, and really the price should be about ten times higher than that. But the government said, I'm sorry. This is the way you have, yourself, valued the land, and so we're insisting that you sell it to us at this price.
Well, this is what set the United Fruit Company in operation in Washington. It persuaded the Eisenhower administration that the Arbenz government would not have been taking steps like this, would not have launched a land reform program, would not have tried to take land from the United Fruit Company, if it were not fundamentally anti-American. In addition, there was the overlay of the Cold War. So the
United Fruit Company was able to persuade the U.S. government that not only was this government hostile to an American corporate interest in Guatemala, but it was undoubtedly a tool of the Kremlin which was, as Americans then thought, working all over the world to undermine American interests.
Now, during the run-up to the Guatemala coup, the Brazilian ambassador actually came in to see Secretary of State John Foster Dulles and asked him if he was sure, if he had proof that the Soviets were manipulating Guatemala, and
Dulles very frankly answered, We do not have that proof, but we are proceeding as if it must be so. So the United States with relative ease overthrew the government of Guatemala. --
United Fruit Company, Zapata and ChiquitaIt's a small world after all...
Zapata Oil was formed in 1953 by George H.W. Bush and Brown Brothers Harriman. Later George H.W. Bush bought the subsidiary Zapata Off-Shore and went into business for himself. It merged in 1963 with Penn to form Pennzoil. Even though Zapata never found any oil, it was succesfully sold in 1966 to Robert Gow. (All SEC filings between 1960 and 1966 were sadly destroyed in 1981)
In 1969 Zapata bought the United Fruit Company. On the board of directors was Ralph Gow, Robert Gow's father. Later that year on sept. 24. Eli Black makes the third largest transaction in Wall Street history up to that moment by buying 733,000 shares of United Fruit in a single day. Black becomes the largest shareholder of the company. In June 1970 United Fruit merges with AMK-John Morrell to become the United Brands Company.
After Eli Black's spectacular suicide on February 3, 1975 he jumped out of the window of his New York City office on the 44th floor of the Pan Am Building Cincinnati-based American Financial, one of millionarie Carl H. Lindner, Jr.'s companies, bought into United Fruit. In August 1984, Lindner took control of the company and renamed it Chiquita Brands International.
http://en.wikipedia.org/wiki/United_Fruit_Companyhttp://en.wikipedia.org/wiki/Guatemala/History#Operation_PBSUCCESSThere is a beautiful promotional movie of United Fruit at archive.org
The beauty is brilliant techni color of the movie. The message is very paternalistic and slightly racist as well. They really act like they owned the country.
http://www.archive.org/details/Journeyt1950