Saturday, July 3, 2010

19th Century Political Economy

The History Channel was showing a documentary on American presidents the other day and I got to watch from about 1880 to 1910. I wonder how many people realize what life was like back in those days when the big industrialists owned the government, the police, and just about everything else. Yes, it was a wonderful world of "small government" and scarcely no regulations. Children were still working in factories; manufacturers supplied anything they could get away with; and only the rich few could attend a university and potentially become someone important.

If you haven't noticed, this is the world that we are returning to very fast.

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