Most historians argue that these men, and others like them, were Robber Barons. The story, however, is more complicated. The author, Burton Folsom, divides the entrepreneurs into two groups, market entrepreneurs and political entrepreneurs. The market entrepreneurs succeeded by producing a quality product at a competitive price. The political entrepreneurs were men who used the power of government to succeed.
The market entrepreneurs helped lead the rise of the U. The political entrepreneurs, by contrast, were a drain on the taxpayers and a thorn in the side of the market entrepreneurs. This book is in its fifth edition, and is widely adopted in college and high school classrooms across the U. A sharply critical new look at Franklin D. Roosevelt's presidency reveals government policies that hindered economic recovery from the Great Depression - and are still hurting America today. In this shocking and groundbreaking new book, economic historian Burton W.
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Folsom exposes the idyllic legend of Franklin D. Roosevelt as a myth of epic proportions. Roosevelt created New Deal programs marked by inconsistent planning, wasteful spending, and opportunity for political gain. Folsom takes a critical, revisionist look at Roosevelt's presidency, his economic policies, and his personal life. Roosevelt's imperious approach to the presidency changed American politics forever, and as he manipulated public opinion, American citizens became unwitting accomplices to the stilted economic growth of the s.
More than sixty years after FDR died in office, we still struggle with the damaging repercussions of his legacy. The New Encyclopedia of Southern Culture. One Nation Under Gold: The Fall of the House of Labor. The Pennsylvania Railroad, Volume 1.
The Rise of the Cities. Hill's Heroes Volume 1.
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In their fascinating history of government misadventure, Burton and Anita Folsom show why the Obama administration's urge to pick winners and losers in the private sector is doomed to fail. They not only drain the Treasury of cash but also impede economic growth, and they hurt the very companies they try to support.
Simply put, federal officials don't have the same abilities or incentives as entrepreneurs. In addition, federal control always produces political control of some kind. Uncle Sam Can't Count is filled with examples of government failures and free market triumphs, including.
Uncle Sam Can't Count is a hard-hitting critique of a government completely incapable of either picking winners or learning from its many mistakes, which demonstrates why business should be left to private entrepreneurs. Would you like to tell us about a lower price? Read more Read less. Kindle Cloud Reader Read instantly in your browser.
These 3 fails show the U.S. is an awful boss
Customers who bought this item also bought. Page 1 of 1 Start over Page 1 of 1. The Myth of the Robber Barons: New Deal or Raw Deal?: The Collected Works of Leonard E. Editorial Reviews From the Back Cover In their fascinating history of government misadventure, Burton and Anita Folsom show why the Obama administration's urge to pick winners and losers in the private sector is doomed to fail.
Uncle Sam Can't Count is filled with examples of government failures and free market triumphs, including John Jacob Astor, who owned a fur company that defeated a government-funded rival—supported by George Washington himself—by actively cooperating in trade with the Native Americans instead of trying to tell them what they wanted. The Wright brothers, who, with two thousand dollars of their own money, successfully flew the first manned flight, while the government threw money at Samuel Langley, whose two failed attempts at flight both landed in the Potomac River.
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George Mitchell, who spent seventeen years developing fracking, after the high taxes on oil drilling were repealed, while the government subsidized ethanol. Product details File Size: Broadside e-books April 15, Publication Date: April 15, Sold by: Share your thoughts with other customers. Write a customer review. Read reviews that mention government investments uncle sam wright brothers crony capitalism government subsidies burt folsom sam count fur trade market entrepreneurs free markets political entrepreneurs book goes government failure government subsidized examples where government failures of government authors business economic failed.
Showing of 39 reviews. Top Reviews Most recent Top Reviews. There was a problem filtering reviews right now. Please try again later. Fur trading, canals, railroads, airplanes, ocean liners The US and in many cases, British government funded or subsidized their development.
In just about every one of those cases independent entrepeneurs took on the subsidized builders and developers, and delivered a better, cheaper, product.