The war economy handed Big Business guaranteed profits and immunity from competition

Evidence

Under President Roosevelt, the US government’s deal with Big Business was simple: they would produce what was necessary to win the war and, in exchange, the state would reward them with four incredible gifts. First, state guaranteed sales translating into state guaranteed profits. Second, freedom from competition, since prices were fixed by government. Third, huge government-funded scientific research (e.g. the Manhattan Project, jet propulsion) that provided Big Business with wonderful new innovations and a pool of highly skilled scientific personnel to recruit from during and after the war. … And fourth, a patriotic aura to help rinse off the stench of corporate greed that clung to them after the crash of 1929 and make them over as heroic enterprises that helped America win the war. — Yanis Varoufakis, Technofeudalism, 141

Categorization

• XREF: Connects to the ADDENDUM ‘On Sacrifice’ theme of the state’s rewards to stabilizing elites — here the patriotic aura launders corporate reputation after 1929. — connects to: Nazi economic policy massively favored large companies and cartels over smaller firms — Rolf Wiggershaus, The Frankfurt School: Its History,…, 1184; Industrial profits soared in Italy during the war while workers starved. — Clara E. Mattei, The Capital Order: How Economists…, 1653; The war replaced heroic entrepreneurs with a private-public technostructure — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 146 (+13 more)
• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 141

Broader Connections

• American corporations profiteered massively from the Iraq War #corroborates (1.00)
• Italian industry profited enormously from the First World War #exemplifies (1.00)
• World War I proved production relations could be deliberately changed #corroborates (1.00) — Clara E. Mattei, Escape from Capitalism, 174
• Government wartime economic policy revealed state as instrument of class domination #expands (0.90) — Clara E. Mattei, The Capital Order, 204
• Expensive war-fleet dominance deterred conflict and produced relative peace #complicates (0.90) — Emlen, Douglas J, Animal Weapons_ The Evolution of Battle, 395
• Wartime state control proved economies are politically moldable #expands (0.80) — Gary Mongiovi, Austerity Is an Antidemocratic Strategy…, 29
• War forced comprehensive state economic control that outperformed laissez-faire. #complicates (0.70) — Clara E. Mattei, Escape from Capitalism, 168
• Large-scale merchant capitalism depended on state finance tied to war. #qualifies (0.70) — Cedric J. Robinson, Black Marxism_ The Making of the Black…, 1515
• US financial-military hegemony structured the postwar Fordist world economy #complicates (0.70) — David Harvey, The Condition of Postmodernity, 825
• Central bank printed money flows only to Big Business and cloud capital #expands (0.70) — Yanis Varoufakis, Technofeudalism, 375