How did America find itself back in The Jungle?Teddy Roosevelt, Socialist. Everytime I read something like that I can't help remembering this quote. I guess the Roaring Twenties were the highpoint of unchecked socialism?
It started with ideology. Hard-core American conservatives have long idealized the Gilded Age, regarding everything that followed — not just the New Deal, but even the Progressive Era — as a great diversion from the true path of capitalism.
Thus, when Grover Norquist, the anti-tax advocate, was asked about his ultimate goal, he replied that he wanted a restoration of the way America was “up until Teddy Roosevelt, when the socialists took over. The income tax, the death tax, regulation, all that.”
Friday, June 13, 2008
Welcome to the Jungle
From Paul Krugman
Posted by Hume's Ghost at 6/13/2008