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Originally Posted by SpectralJulianIsNotDead
True, but allowing business to line congressional pockets with money is a laissez-faire attitude in itself.
As I recall, before good ol' TR the economic system of the US was very laissez faire and it had a ton of problems. The train, oil, and steel industries were disgusting, and progressivism alleviated that. The problem was that progressivists didn't know when to stop and ended up hurting those industries a lot.
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but it was also just about the greatest period of economic expansion in human history. the major industrialists such as carnegie and rockefeller almost singlehandedly pulling us out of an agrarian, slave-based hierarchy and into an industrial society from whom millions profited (financially and/or through enormous leaps and bounds in the quality of life) has to count for something.