A few excerpts:
For the Marxists hold that there are fundamentally two opposing “interests” which clash in history: the capitalists and the workers. But what we have seen, essentially, is that the interests (using the word in a journalistic sense) of neither the capitalists nor the workers, so-called, were uniform or clear-cut. The interests of the larger capitalists seemed to coincide, as they saw it, and were clearly opposed to the interests of the smaller capitalists. (However, there were conflicts among the big capitalists, such as between the Morgan and Rockefeller interests during the 1900s, as illustrated in the regimes of Roosevelt and Taft.) The larger capitalists saw regulation as being in their interest, and competition as opposed to it; with the smaller businessmen, the situation was reversed.
[still happening today. See the USDA's upcoming requirement to license all livestock, no matter how small one's flock or herd.]
[...]
In this crucially important era, I have focused on one point: big business was a major source of American statism.
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Big business, then, was behind the existence and curriculum of the public educational system, explicitly to teach young minds to submit and obey, to pay homage to the “corporate liberal” system which the politicians, a multitude of intellectuals and many big businessmen created.
In several ways, this piece dovetails with the distributist critique of the large corporation. Too much capitalism doesn't mean too many capitalists, but too few, and it's in the interests certain folk to make sure there are too few entrepreneurs. Reading the essay, I realized not only does regulation benefit the larger businesses, but they have enough clout to tailor the regulations to their existing business structure, further keeping their compliance costs down while maintaining the appearance of doing something.
I had already realized that public schooling can transfer vocational training costs from business to taxpayers, but Childs provides a few choice quotes from early twentieth-century corporate leaders who supported the move towards compulsory education.
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