Jewish financiers, outsiders to the capitalist system, pioneered the export of superfluous capital

Evidence

The pioneers in this pre-imperialist development were those Jewish financiers who had earned their wealth outside the capitalist system and had been needed by the growing nation-states for internationally guaranteed loans. With the firm establishment of the tax system that provided for sounder government finances, this group had every reason to fear complete extinction. Having earned their money for centuries through commissions, they were naturally the first to be tempted and invited to serve in the placement of capital which could no longer be invested profitably in the domestic market. — Hannah Arendt, The Origins of Totalitarianism, 367

Categorization

• XREF: This outsider-mediator role prefigures Arendt’s later analysis of the pariah and statelessness — worth carrying into the race-thinking chapters.