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Businessmen were opposed in 1896 by economists and politicians who would later come to be known as progressives. Progressives laid much of the foundation of the New Deal. They attacked both the philosophy and the practice of the system of '96. Sociologist Lester Frank Ward and economist Richard T. Ely repudiated social Darwinism, noting that it was human cooperation — not competition — that allowed civilization to raise itself above the law of the jungle. Economist Thorstein Veblen rejected the notion that businessmen advanced social progress. To him, the opposite was true. Those who advanced society were inventors and engineers who developed new technologies and exploited new resources for the benefit of all. Businessmen and middlemen interposed themselves between the engineer and the public, exploiting invention for personal gain. The only talent businessmen evidence, to Veblen, is the ability to exploit the genius of engineers and...
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This section contains 325 words (approx. 2 pages at 300 words per page) |
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