The American Economy and the End of Laissez-Faire: 1870 to World War II
9. The Progressive Era?
Lecture by Murray N. Rothbard
Progressive movement came in in 1900 to eliminate political parties. Technocrats and bureaucrats take over political power. Rural versus urban. Eliminate mayors, eliminate voting altogether, have appointed bureaucrats only. Nationalize public school system so costs could be socialized, like getting the public schools to teach Spanish. Children can all be part of a collective, without parental influence. Control shifted from ethnic working class small communities to upper class WASPS.
Only synthetic drugs remained legal in medicine. Rockefeller Institute backed it. Homeopathy was outlawed. Hospitals overused fancy equipment and cared about just the doctors not the patients.
The Progressive party was created by JP Morgan interests.
Lecture 9 of 13 presented in Fall of 1986 at the New York Polytechnic University.
This lecture on YouTube: https://youtu.be/8EW_jPJzEK4
Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870-world-war-ii
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