They only managed it when they partnered with religious bigots. They were losing, the very existence of those antitrust laws is proof. Then they bought religion.
They weren’t losing. They were richer than ever before with leves of wealth inequality just recently matched. Then capitalism collapsed under the weight of that inequality into the Great Depression. Their winnings lead to collapse as they accumulated ever more resources that become unavailable to the people producing those resources. Then the cycle of accumulation and the power that comes with it started again. Antitrust got killed at one point. Unions were being killed before that. They used religion too but they were already beginning to win power again.
ROFL. That’s an ahistoric narrative. The Great Depression was caused by a lack of liquidity caused by a failure to respond to mass withdrawal. FDR then made it worse with the New Deal, causing a double-dip that only resolved itself with the WWII wartime economy.
It was the lack of Federal Reserve banks and the failures of their predecessor organizations. Vaguely blaming “capitalism” is purely ignorance combined with intellectual laziness.
The modern problems can be laid at the feet of Reagan and Nixon, mostly. Bush Sr and Bush Jr contributed. But it’s mostly Nixon and Reagan that helped corrupt the antitrust framework. The fallout breaking up Ma Bell and the Microsoft Antitrust case about Internet Explorer were both critical decisions instrumental to this deterioration.
Feel free to read Friedman’s Economic History of the United States. His treatise is the most authoritative on the subject and has withstood decades of peer review.
There is quite literally no need to be making stuff up, like you’re doing.
However, the enabling condition is anti-trust laws not being enforced.
…and the enabling condition for antitrust laws not being enforced is the existence of a capitalist class with enough wealth to direct politics.
They only managed it when they partnered with religious bigots. They were losing, the very existence of those antitrust laws is proof. Then they bought religion.
They weren’t losing. They were richer than ever before with leves of wealth inequality just recently matched. Then capitalism collapsed under the weight of that inequality into the Great Depression. Their winnings lead to collapse as they accumulated ever more resources that become unavailable to the people producing those resources. Then the cycle of accumulation and the power that comes with it started again. Antitrust got killed at one point. Unions were being killed before that. They used religion too but they were already beginning to win power again.
ROFL. That’s an ahistoric narrative. The Great Depression was caused by a lack of liquidity caused by a failure to respond to mass withdrawal. FDR then made it worse with the New Deal, causing a double-dip that only resolved itself with the WWII wartime economy.
It was the lack of Federal Reserve banks and the failures of their predecessor organizations. Vaguely blaming “capitalism” is purely ignorance combined with intellectual laziness.
The modern problems can be laid at the feet of Reagan and Nixon, mostly. Bush Sr and Bush Jr contributed. But it’s mostly Nixon and Reagan that helped corrupt the antitrust framework. The fallout breaking up Ma Bell and the Microsoft Antitrust case about Internet Explorer were both critical decisions instrumental to this deterioration.
And what caused the mass withrawal?
Feel free to read Friedman’s Economic History of the United States. His treatise is the most authoritative on the subject and has withstood decades of peer review.
There is quite literally no need to be making stuff up, like you’re doing.
Yeah cause religion was all pure and good before it was “bought” in the mid-1900s. \s \s \s
For a time, American Christianity taught that rich people didn’t go to heaven.
It was still a net harm on society, but it was no fan of the rich assholes and robber barons.
That then was warped into Prosperity Gospel.