Palo Alto: A History of California, Capitalism, and the World Highlight

When two bureaucrats came to Palo Alto to tell Packard that the firm fell on the wrong side of regulations against excessive profits, he chewed them out about the free market, appealed above their heads, and got an agreement with “virtually everything we asked for.”4 Once again, Roosevelt’s agents and the social democratic agenda found themselves nullified in California’s Hooverville.