An enlightening overview of America’s misadventures in economic investment from the Revolutionary era to the Obama administration. From the days of George Washington through World War II to today, government subsidies have failed the American people time and again. Draining the Treasury of cash, this doomed attempt to “pick winners” only serves to impede economic growth—and hurt the very companies receiving aid. But why does federal aid seem to have a reverse Midas touch? In Uncle Sam Can’t Count, Burt and Anita Folsom argue that federal officials don’t have the same abilities or incentives as entrepreneurs. In addition, federal control always leads to politicization. And what works for politicians often doesn’t work in the marketplace. Filled with examples of government failures and free market triumphs, from John Jacob Astor to the Wright Brothers, World War II amphibious landing craft to Detroit, Uncle Sam Can’t Count is a hard-hitting critique of government investment that demonstrates why business should be left exclusively to private entrepreneurs.

It is said that the inspiration for the character of Uncle Sam was a man named Sam Wilson, who provided food for the U.S. Army during the War of 1812. By the 1830s, the figure of Uncle Sam had become a personified image of America, commonly used by newspaper and magazine cartoonists to represent the U.S. government's decisions and policies. Perhaps the best-known image of Uncle Sam was created in 1917, during the First World War—a stern, white-haired man wearing star-spangled clothing, encouraging Americans to do their part to support their nation. Uncle Sam remains an important symbol of the United States and the policies and activities of our government.

Vols. 24, no. 3-v. 34, no. 3 include: International industrial digest.