The Progressive Era Triple Alliance: Government as Cartellizer

Professor Murry Rothbard :

The progressive period birthed the cancerous growth of the welfare/warfare state, fake capitalism, the middle way, neomercantilism, and the corporate state. Morgan and Rockefeller men warred with each other over many issues and many generations. Effective competition was attacked as government attempted to cartellize business.

From Murray Rothbard's 20th Century American Economic History lecture series.

If you haven't listened to this lecture: you are missing a lot of education on American history.