Between 1900 and 1912, monopolies accounted for almost a third of the nation’s industrial GDP growth. And few could mistake the upshot: giant combinations were protecting Wall Street interests, while those on Main Street were left to suffer.39 The ensuing economic turmoil eventually connected to something deeper—something cultural. The late 1800s were awash in tensions centering on questions of immigration, urbanization, and racism, among other topics. As industrialization threw wrenches into the norm of nineteenth-century life, social critics rued the newfound worship of money and castigated
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Why Nothing Works: Who...
