In the wake of the profound economic crisis known as the Great Depression, a group of high-powered individuals joined forces to campaign against the New Deal--not just its practical policies but the foundations of its economic philosophy. The titans of the National Association of Manufacturers and the chemicals giant DuPont, together with little-known men like W. C. Mullendore, Leonard Read, and Jasper Crane, championed European thinkers Friedrich von Hayek and Ludwig von Mises and their fears of the "nanny state." Through fervent activism, fundraising, and institution-building, these men sought to educate and organize their peers as a political force to preserve their profit margins and the "American way" of doing business. In the public relations department of General Electric, they would find the perfect spokesman: Ronald Reagan.
Host Jacobin's @thedigradio podcast. Author of All-American Nativism from @versobooks. Organizing for housing justice @reclaimri.
I was thrilled to have historian Kim Phillips-Fein back on The Dig to discuss her book Invisible Hands. We talked about the long history of right-wing business reaction to The New Deal, that reaction's role in building the New Right, and a whole lot more. https://t.co/ZN9ietEe3G
Historian at Cornell University. Views expressed here are my own.
Kim Phillips-Fein's INVISIBLE HANDS is an excellent account of business opposition to the New Deal./9 https://t.co/3IqvE35to2
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We spoke with Kim Phillips-Fein about her book “Invisible Hands: The Businessmen’s Crusade Against the New Deal” and how the roots of today’s conservative movement can be traced to a capitalist backlash against New Deal liberalism. https://t.co/CURupt0BiK