Jim Devine writes: >> I don't think so either. But fascist ideas can have influence through >> a lot of channels, especially when there's fear of communism (which >> was more scary to the establishment at the time).
I think this is an example of post WWII thinking/terminology improperly placed onto a pre-WWII era. From the perspective of the Roosevelt administration in 1932, "fascism" was not opposed to "communism" etc. There was certainly a distinction in their minds between revolutionary Bolshevism and Mussolini fascism, but from the perspective of the administration, they were "pragmatically" open to all economic alternatives to the status quo, wherever the alternative originated. As children of the progressives, they were convinced that rational centralized administration could solve all problems. So I don't think "fear of communism" was a major motivation for the NRA. >> >> > The deregulation of air and trucking fares occurred precisely because >> > there was no >> intellectual support for the notion that either (1) industry health should >> trump consumer >> welfare, or (2) consumers benefited from industry health.  ... The fact >> that price (and >> entry) regulation lingered until the 1970s was a testament to regulatory >> capture, not >> intellectual support.< >> >> Right on the regulatory capture, but the ICC (and likely the CAB) were >> "captured" by industry at the same time they were created, as was the >> Federal Reserve. True enough, but when those agencies were created, during the progressive era, there was widespread intellectual support for the notion that "cutthroat competition" was ruinous. That intellectual edifice did not exist in the 1970s. David Shemano
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