Many intellectuals called for an end to private charity and its replacement with a full government system, not due to the paucity of private benevolence, but rather due to what they considered its excessive generosity.
A capitalist benefactor of the American abolitionist movement used his business to wage war against slavery. He ended up revolutionizing the American financial industry in the process.
Nothing in Rothbard’s later view manages to cast doubt on his earlier view and White’s thesis, much less refute them.
The anti-capitalist ideology of southern slaveholders presents a conundrum for historians who erroneously equate the plantation economy with the free market.
Should we study and learn from the past? Of course we should. Should we yearn for the past, seek to return there, and perhaps undo the progress of the last several centuries? Of course we shouldn’t.
Financial regulators appear to fear the creation of a few, small experimental entrants more than they fear the failure of the nation’s many, uber-risky megabanks.