I was doing my own independent research and found these two very different descriptions of the same event to be interesting.
Libertarian Brian Doherty:
Leftist Mark Ames:In 1950, the Buchanan Committee, a House panel investigating lobbying efforts, found Read and his foundation positively un-American because they opposed price controls, public housing, the draft and loyalty oaths. The committee subpoenaed records, called Read to testify and ordered some of his supporters to report on which organizations they backed. One foundation funder, Southern California Edison Vice President William Mullendore, denied Congress’ right to make such a “harassing and burdensome inquiry” into his attempts to influence his government. Mullendore got away with his defiance -- but today’s campaign finance laws allow such governmental intrusion.
Which do you think is accurate? Were Friedman and Stigler stooges for big businesses?As the Buchanan Committee discovered, the Foundation for Economic Education was the best-funded conservative lobbying outfit ever known up to that time, sponsored by a Who’s Who of US industry in 1946. A partial list of FEE’s original donors in its first four years includes: The Big Three auto makers GM, Chrysler and Ford; top oil majors including Gulf Oil, Standard Oil, and Sun Oil; major steel producers US Steel, National Steel, Republic Steel; major retailers including Montgomery Ward, Marshall Field and Sears; chemicals majors Monsanto and DuPont; and other Fortune 500 corporations including General Electric, Merrill Lynch, Eli Lilly, BF Goodrich, ConEd, and more.
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