Capitalism: Death By A Thousand Cuts | The Daily Capitalist

Capitalism: Death By A Thousand Cuts, By Keith Weiner, on November 3rd, 2011

  • Capitalism died when they decided to subsidize railroads for the sake of national prestige in the mid 19th century
  • Capitalism died when, to compensate for the consequences of subsidized railroads, they passed anti-trust laws in 1890, under which it is illegal to have lower prices, the same prices, and higher prices than one’s competitors.
  • Capitalism died in 1913 when they started taxing income, and created a central bank.
  • Capitalism died after 1929 under the flailing interventionism of Hoover.
  • Capitalism died in 1933 when FDR confiscated the gold of US citizens, outlawed gold ownership, and defaulted on the domestic gold obligations of the US government…   go here for the rest