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Saturday, June 21 • 2:30pm - 3:30pm
The Innocence of Samuel Insull

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Roger Donway will describe Samuel Insull as an innocent. Insull’s morality was a simple Boy Scout’s code of Victorian Christian virtues. And he had no profound understanding of the political-economic system in which he operated and no deep insight into how it had changed since his youth in ways radically adverse to his career. Donway will discuss the manner in which, as a result of his innocence, Insull was victimized by several varieties of Progressivism: Wilson’s monetary Progressivism, Hoover’s “associationalist” or pro-business Progressivism, and New Deal or anti-business Progressivism. After FDR’s election, the bankrupt and retired Insull was chased across Europe, kidnapped in the Bosporus, and dragged back to Chicago for the business trial of the century—only to be acquitted by the jury in two hours. It was this decisive acquittal that persuaded the New Deal to eviscerate the private-property status of publicly traded companies by imposing Procrustean standards on them through the SEC.

avatar for Roger Donway

Roger Donway

Roger Donway is a freelance writer and editor whose work focuses on philosophy, economics, and history. In addition to heading up the Business Rights Center, Donway is assisting author Robert Bradley, Jr. with his forthcoming book "Enron and Ken Lay: An American Tragedy," the third volume in Bradley's projected trilogy, Political Capitalism (M&M Scrivener Press). Donway performed editing and research for Bradley's first two books in the... Read More →

Saturday June 21, 2014 2:30pm - 3:30pm
Great Room Manchester Country Club

Attendees (3)