Phil Gramm Hearts Capitalism, From Dickens To The New Deal
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The Evolution of Political Beliefs and Economic Realities
This chapter explores the complexities of political affiliation, tracing a transformation from local Democratic influences to a Republican perspective in Congress. It analyzes seven myths surrounding capitalism, particularly its historical relationship with poverty and the Industrial Revolution, while critiquing government intervention during the Great Depression. The discussion further delves into modern populism and the desire for economic opportunity among voters, challenging prevailing narratives about welfare and economic policies.
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