20th Century American Economic History

The Progressive Era Triple Alliance: Government as Cartellizer (continued)

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The state must invest in human beings the same way you invest in cattle on a farm. This progressive corporatist view was behind the creation of the Rockefeller Foundation. Industrial solutions were to be strictly scientific, e.g. minimum wage laws, public works, and government concentration camps (CCC).
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20th Century American Economic HistoryBy Murray N. Rothbard
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