Jewish financiers channeled European surplus capital into South African mining

Evidence

Second in importance only, for the ultimate outcome, was the fact that this gold rush was not simply left to itself but was financed, organized, and connected with the ordinary European economy through the accumulated superfluous wealth and with the help of Jewish financiers. From the very beginning “a hundred or so Jewish merchants who have gathered like eagles over their prey” actually acted as middlemen through whom European capital was invested in the gold mining and diamond industries. — Hannah Arendt, The Origins of Totalitarianism, 514

Categorization

• XREF: The Jewish-financier-middleman role seeds Arendt’s later anti-Semitism argument in this book — important for the reader’s toolkit on how racial categories get economically instrumentalized.