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May 17, 2013
"I’m from economics and history, and I’m here to help you."
In the 19th and 20th centuries ordinary Europeans were hurt, not helped, by their colonial empires. Economic growth in Russia was slowed, not accelerated, by Soviet central planning. American Progressive regulation and its European anticipations protected monopolies of transportation like railways and protected monopolies of retailing like High-Street shops and protected monopolies of professional services like medicine, not the consumers. “Protective” legislation in the United States and “family-wage” legislation in Europe subordinated women. State-armed psychiatrists in America jailed homosexuals, and in Russia jailed democrats. Some of the New Deal prevented rather than aided America’s recovery from the Great Depression. -- Deirdre McCloskey. Factual Free-Market Fairness | Bleeding Heart Libertarians
Posted by gerardvanderleun at May 17, 2013 11:54 AM. This is an entry on the sideblog of American Digest: Check it out.