More than any other single period, World War I was the critical watershed for the American business system. It was a “war collectivism,” a totally planned economy run largely by big-business interest through the instrumentality of the central government, which served as the model, the precedent, and the inspiration for state corporate capitalism for the remainder of the century.
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Murray N. Rothbard made major contributions to economics, history, political philosophy, and legal theory. He combined Austrian economics with a fervent commitment to individual liberty.
The American Revolution wasn’t a polite disagreement with Britain. It was a people-powered upheaval that shattered empires, inspired global revolutions, and rewrote the rules of liberty.
Rothbard lays bare the truth: peace serves people, war serves the state.
