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Everything you listed didn't exist before the 1900s, and was a result of Progressive Era legislation, which is what I'm arguing against.
by programmarchy 10y ago
Everything you listed didn't exist before the 1900s, and was a result of Progressive Era legislation, which is what I'm arguing against.
- soVeryTired 10y agoAh yes. Because markets worked so well in the gilded age.
- programmarchy 10y agoHistory is more nuanced than the propaganda delivered by our state education would lead us to believe. Murray Rothbard has uncovered much here, so I will link this teaser article again. [1] Highly recommend his books to anyone wanting to dig into the history of Progressive Era regulation, which transformed our laissez-faire economy into a centrally managed one. It offers deep insights into why our economy seems completely dysfunctional and unfair; it was designed that way to benefit powerful interests. People actually were better off with more freedom. [1] https://mises.org/blog/rothbard-progressive-movement https://mises.org/blog/rothbard-progressive-movement
- soVeryTired 10y agoI'll leave you to go on believing the literal truth of the economics 101 models.