By Ronald Radosh, Murray N. Rothbard

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30 In two most basic areas of policy and thought, then, that of the extent of government intervention in the economy and that of the "trust" question, Wilson was no more a "Jeffersonian" than were Theodore Roosevelt, Edward D . White, Oliver Wendell Holmes, George W . Perkins, or Herbert Croly. If "Jeffersonian" is meant to connote a return to an agrarian yeoman republic, or t o the regime of unrestricted competition among independent entrepreneurs or small business units, or a government policy of laissezfaire, then much as it obscures more than clarifies in applying the term to any leading twentieth-century figure in United States history, it certainly fails even allegorically to characterize, or provide much insight into, Wilson's thought or policy positions.

271. 19 18 NEW HISTORY OF LEVIATHAN " i m m o r a l " ; ". . t o suggest t h a t t h e things t h a t h a v e h a p p e n e d t o us m u s t be reversed, a n d t h e scroll of time rolled b a c k o n itself," Wilson declared in 1912, ". . would be futile a n d ridiculous. . " 2 1 O n m o r e than o n e occasion d u r i n g t h e c a m p a i g n of 1912, as h e h a d in t h e past, Wilson declared: I a m n o t o n e of those w h o think that competition c a n be established b y law against t h e drift of a w o r l d w i d e e c o n o m i c t e n d e n c y ; neither a m I o n e of those w h o b e lieve that business d o n e u p o n a great scale b y a single organization—call it corporation, o r w h a t y o u will — i s necessarily d a n g e r o u s to t h e liberties, even t h e e c o n o m i c liberties, of a great people like o u r o w n .

Johnson was himself president of the Baldwin Locomotive Works, and Farrell the president of the United States Steel Corporation. , pp. 203-204. , pp. 15, 17,45745 Straight had served as agent of the American Banking Group in China during the days of the Six-Power Consortium, was associated with the House of Morgan, and was a leading participant in the organization of the N F T C . 32 NEW HISTORY OF LEVIATHAN h a d been passed by Congress. T h e Association's expressed p u r p o s e for inviting B r y a n t o t h e dinner, w h i c h w a s attended by leaders of the c o r p o r a t e c o m m u n i t y , was t o exchange views with h i m on, a n d h a v e h i m clarify, the Administration's foreign policy.

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A New History of Leviathan: Essays on the Rise of the American Corporate State by Ronald Radosh, Murray N. Rothbard


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