Energy Subsidies By Governments

The Wall Street Journal editorial page, representing mainstream conservative opinion, frequently expresses skepticism toward government subsidies of the wind and solar industries, which reached $7.5 billion in 2022, and subsidies of the electric car industry, but little such skepticism on government subsidies of the fossil fuel industries of oil and gas, which reached a global … Continue reading Energy Subsidies By Governments

Carnegie and the ‘Gospel of Wealth’

Andrew Carnegie, a Scottish-American industrialist, led the expansion of the American steel industry in the late 19th century, became one of the richest Americans in history and a great philanthropist. More from Wikipedia. In 1889, he published "The Gospel of Wealth" in which he asserted "great inequality…[and]...the concentration of business, industrial and commercial, in the … Continue reading Carnegie and the ‘Gospel of Wealth’

J.P. Morgan, One of World’s Richest Men, Faced Regulation By Teddy Roosevelt

J. P. Morgan (1837-1913), a financier and investment banker, dominated corporate finance on Wall Street throughout the Gilded Age and the Progressive Era. As the head of the banking firm that ultimately became known as J.P. Morgan and Co., he was a driving personal force behind the wave of industrial consolidations in the United States at the turn … Continue reading J.P. Morgan, One of World’s Richest Men, Faced Regulation By Teddy Roosevelt

Gilded Age: Excesses of ‘Robber Barons’ Sparked Progressive Era

https://www.youtube.com/watch?v=b6l6Ck4TKxo People may think corporations and wealthy business owners have too much power today, but there was a time in the 19th century -- from the 1870s through the 1890s -- when "robber barons" held monopolistic power and ruled over presidents in what Mark Twain dubbed "the gilded age" for a select few. This video … Continue reading Gilded Age: Excesses of ‘Robber Barons’ Sparked Progressive Era

The Rockefellers: How They Became Rich, Powerful and Cut Off From the Larger World

https://www.youtube.com/watch?v=n5xuf9D3sCo How did John D. Rockefeller (1839-1937) become the wealthiest American of all time and the richest person in modern history? The Rockefellers "feared the temptations of wealth, yet a visitor once described their estate as 'the kind of place God would have built, if only he'd had the money.' They amassed a fortune that … Continue reading The Rockefellers: How They Became Rich, Powerful and Cut Off From the Larger World