Stalin was said to have joked that, “The only country rich enough to afford communism was the United States.”

That quote is from another of Amity Shlaes’ interview on the City Journal Podcast with Brian Anderson on her book, The Forgotten Man, December 11, 2019.

from the Independent Institute.

Before Roosevelt, we had the Hoover Dam, which is a pact among states.  That is it’s an interstate project written with Constitutionality in mind.  With Herbert Hoover, FDR liked the Constitution and did things Constitutionally.  When he became president, Roosevelt, 33, had a different attitude.  He wasn’t that legalistic; he just wanted things done.  So his vision along the same lines of the Hoover Dam was let’s generate power using water, hydropower, across the nation, kind of arrange the economy by river basin.  What’s wrong with that?  One, it’s a political grab, but, two, it turns out hydropower isn’t that efficient.  It’s not our favorite form of power today.  It’s a classic example of the government betting wrong on an industry.  In addition to that, they killed an industry that got it right, or let’s say, lamed it forever, put it in a forever wheelchair, which was utilities that were busy lighting up the South themselves.  And part of the TVA-style extravaganza was to provide electricity as you’ve written so often, the federal government crowding out local and private exercises.  It was a terrible offense to civil rights.  It was unconstitutional what the Black Committee did but it was also evil, I would say it’s evil, . . . it’s evil to kill the most promising industry in a depression, right?  That’s what they sought to do.  Evil for a number of other reasons.

TVA is popular for many, but it’s the #1 enemy for the environmental consequences, like the fertilizers that were in the mix, and what that did to the water of the South that we live with today.

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