Patrick Newman on the Rise of the Corporatist State

Summary Patrick Newman discusses his new book, Cronyism: Rise of the Corporate State, 1849–1929, the second installment in a series that began with Cronyism: Liberty Versus Power in Early America, 1607–1849 (2021), and which carries a foreword by Nobel laureate Thomas Sargent. His thesis is that big business, far from being victimized by government during this era, actively lobbied for tariffs,…