Friday, December 19, 2008

Gigantism Was Not Inevitable

    This is the standard tactic used on twentieth-century Jeffersonians: to admit to the emotional appeal of their vision but to scoff at its hopelessly backward-looking romanticism. In fact there was never anything inevitable about gigantism; as economic historians ranging from Marxist Gabriel Kolko to free marketeer Murray N. Rothbard have shown, the largest corporations grew fat precisely because the level playing field... had been tilted by the array of subsidies, licensing arrangements, tariffs, import quotas, and tax advantages that stock the monopolists' armory.
Bill Kauffman, from America First!: Its History, Culture, and Politics

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