Teddy Roosevelt beat the crony capitalists and their back room deals.
But, he WAS a Progressive!
Sound familiar? “In his landmark “New Nationalism†speech, delivered at Osawatomie, Kansas, in 1910, TR explained what this meant for property rights. In contrast to the Founders, who believed that the right to property was rooted in the natural right to the fruits of one’s labor, Roosevelt argued that the right to property could be justified only if it benefited the community, and the only way to benefit the community was to redistribute the wealth. “