Social Darwinism in American Thought by Richard Hofstadter

Author:Richard Hofstadter [Hofstadter, Richard]
Language: eng
Format: epub
Publisher: Beacon Press
Published: 1983-04-14T16:00:00+00:00

It was laissez faire as a policy that was most completely discredited. While the old, simple apotheosis of competition had faded, few had ceased altogether to believe in it. One of the primary aims, indeed, of the middle-class revolt was to restore so far as possible the pristine conditions of competitive business. But it had become evident, as Lester Ward had long ago predicted,41 that even if the supposed benefits of competition were to be retained, some form of government regulation was needed to restrain monopoly. Declared Woodrow Wilson, echoing the complaint of the little man:

American industry is not free, as once it was free. . . . The man with only a little capital is finding it harder to get into the field, more and more impossible to compete with the big fellow. Why? Because the laws of this country do not prevent the strong from crushing the weak.42

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