by Patrick Newman
Although the draconian lockdowns punished the economy, a partial recovery occurred after governments allowed businesses to reopen. However, continued economic growth depends on the outcome of the presidential election. The crisis opened the door for a surge in regulations, subsidies, and other special interest privileges under the guise of promoting the “public health.”
This progressivism—a code word for cronyism—presents a serious threat to America.
As Murray Rothbard explains, the original Progressive Era witnessed corporate and safety regulations, environmental laws, welfare and labor compensation, and new taxes that benefited favored corporations, bureaucrats, academics, and labor activists at the expense of the taxpayer. If trends continue, modern politicians will pass similar policies to benefit themselves and favored supporters, crippling economic activity. To properly understand this progressivist threat, one must recognize the motives, background, and ideological orientation of the original progressives.