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The living standard was been improved, but the business environment is far far worse. Much much more government intervention and controls that slow down production. Look to China to find out how a real capitalist society works.
This argument is also common among the talking heads.
The living standard was been improved, but the business environment is far far worse. Much much more government intervention and controls that slow down production. Look to China to find out how a real capitalist society works.
This argument is also common among the talking heads.
You should actual read some economic texts. The US was still a largely agrarian society in 1900 -- about 1/3 of all people worked on farms. Industry was tiny -- about 7 million people worked manufacturing jobs, Standard Oil had assets of $200 million, Ford & GM weren't even in existence. That may not fit your romantic view of the period, but the data are clear.
You should actual read some economic texts. The US was still a largely agrarian society in 1900 -- about 1/3 of all people worked on farms. Industry was tiny -- about 7 million people worked manufacturing jobs, Standard Oil had assets of $200 million, Ford & GM weren't even in existence. That may not fit your romantic view of the period, but the data are clear.
The "things are different now" is almost as good of an argument as black helicopters.
Almost.
BTW, I've read Rothbard's America's Great Depression which exposed the New Deal for the fraud that it was. The Austrian school of thought is alive and well in the world.
Again, government apologists might disagree.
Also, the industrial revolution saw the greatest real GDP growth of all time. This was when we had sound money and low government intervention.
This is why in the 21st century America will be a very bad place to do business. Almost as regulated as Europe, and in some ways more.
The "things are different now" is almost as good of an argument as black helicopters.
Almost.
BTW, I've read Rothbard's America's Great Depression which exposed the New Deal for the fraud that it was. The Austrian school of thought is alive and well in the world.
Again, government apologists might disagree.
Also, the industrial revolution saw the greatest real GDP growth of all time. This was when we had sound money and low government intervention.
This is why in the 21st century America will be a very bad place to do business. Almost as regulated as Europe, and in some ways more.
Actually the Austrian School of Economic is and always will be a bit of a sideshow. A more robust, but still free market view, would come from reading from the Chicago School with Friedman, Stigler, Fama, et al. LOL America's a bad place to do business? That's why everyone buys our debt? Bill Gates and Warren Buffet, would probably disagree with you.
Probably half that - and Hong Kong (an office and home there), Singapore, London, Munich.
OK London, Paris, Milan, Frankfort, Sao Paulo, Costa Rico.
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