Farm Boy
run boy run
- Joined
- Sep 8, 2010
- Messages
- 26,663
I think you're helping my point, not contradicting it - but I'm not sure I'm reading you rightly.
For that matter, I'm not sure I understand precisely what 'laissez-faire' means in terms of policy. My less-than-layman's impression is that it describes a system of free-market capitalism with minimal regulation or structured societal interference.
My position is that L-F was predominant in the US from roughly Reconstruction through the end of the Gilded Age. Affecting the making food, things, and people. I might be wrong - I don't know anything about this stuff.
I think you have L-F correct, and that's what the Gilded Age wasn't. Between intentional tinkering with production through an oppressive system of tariffs and intentional deflation the government quite actively smashed the hell out of small entrepreneurs and farmers that quite possibly would have done alright for themselves if they weren't considered needed for wage labor in factories - thus the tariffs on imports designed to achieve retaliatory tariffs on exports, crushing prices and the deflation designed to murder any change that a small business that operates on debt could ever get out of it even if they managed to squeak through a sale of product for more than a pittance.
The only reason the Gilded Age ever gets held up as a beacon of L-F and capitalism is because the people doing it have a short or absent understanding of history and look at "oh these huge businesses had a lot of incentives and they did well." Which is mentally damaged. Seeing as the entire point of the Gilded Age was to drive a massive percentage out of private business and into wage labor in the cities through active, pervasive, and ongoing governmental efforts to smash their livelihood.