We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
yeah, a company in control of 90% of the market, vertically and horizontally integrated, is inevitably good for the consumer.
Donny "The Bear Jew" Donowitz
Not only good for the consumer, but Rockefeller did far more to advance civilization than the man who led the charge in hounding him, Teddy Roosevelt. In his biography of Rockefeller, Titan, Ron Chernow makes an excellent case that John D. invented the modern corporation. Standard Oil probably did more to save whales, literally, than any conservation organization. The Rockefeller Foundation, U. of Chicago, Rockefeller University, Spelman College: all established by Rockefeller. Much of Rockefeller's perception is owed to Ida Tarbell, the muckraker who had family in the oil business. John D is the prime example of one enriching themselves by enriching others. No, I would not trust most organization with monopoly power (including government at any level), but Rockefeller wielded that power for the betterment of all humanity, period. That he got rich in the process in what tends to get folks' panties in a twist.
Standard Oil, Inc., made John D got rich from crushing competition that, if Exxon-Mobil did the same things today, the knives would come out and you would be demanding a congressional inquiry.
notice the sequence here? Standard Oil monopolizes the oil market (it crushed Penn RR in doing this), then integrates vertically as well (stop here, if this was good in 1870, why isn't it great in 2015?), made its shareholders including majority SH John wealthy, then John finds a conscience and funds all the neat things you people are k00kgasming over. if ends justify the means, then he's your boy.
so its either, John was a first robber baron first who tried to make good after the fact, or let's dump all anti-trust laws and let Exxon-Mobil return to its 90% dominance.
either way is fine with me. I love money, I hate sentimental, hypocritical thinking. the hildabeest dinged the boy scouts for $200,000 in speakers fees but the scouts netted a hundred grand. so which way are you going to spin this?
Donny "The Bear Jew" Donowitz
WRT "crushing competition" Chernow asserts that Rockefeller, when approaching a competitor for a proposed take-over, would open Standard Oil's books. That is he would allow his competitor to see how Standard did business and give the competitor the option of joining with Standard (and making a lot of money) or not and probably going under. Again, I am not in favor of monopoly. It is merely the case that Standard Oil was legitimately better than all competitors. It is true that Standard got a lot of sweetheart deals from Railroads for shipping rates, but, again, they ultimately charged consumers less for kerosene, etc., than did competitors.
It should also be noted that Rockefeller benefited from his time in history in that with the advent of the automobile, his product enjoyed unprecedented demand.
It is ironic that Rockefeller undervalued Standard Oil, WRT stock price, and really got rich when forced to split the company into various independent subsidiaries. So TR and company were largely responsible for making John D. the wealthiest person in history.
I don't ever recall seeing such clueless delusional worship of a rich guy. cleverly manipulating his stock to undervalue it. what a concept. he believed that other companies typically undervalued their stock.
seriously, dude, you've got a mancrush on him.
you've got to get this straight. TR wasn't trying to make Rock poor, he was trying to break Standard's monopoly (vertical and horizontal, look it up, you really ought to know) and and end its practices of sweetheart deals, kickbacks and price manipulation.
in an acquisition by stock swap, the target company always examines the acquiring company's books, its called due diligence. Rockefeller wasn't being a generous, open, good hearted nice guy, this is how these deals work.
I expected you to ignore the question about the Hildabeest, so I'll repeat it, and you can run away from the challenge again.
the hildabeest dinged the boy scouts for $200,000 in speakers fees but the scouts netted a hundred grand. the Vegas line is -1,800 that you condemn the beest for something that you worship the Rock for.
Ingenuity or not, large corporations and the foundations they establish tend to benefit themselves while trying to win the hearts and minds of John Doe with community projects.
The Pharma Industry; i.e. The Drug Trust, was established by a joint venture of the Rockefeller Foundation and the German IG Farben in the late 1930s. The latter owned a subsidiary, also known as Auschwitz, where experimental pharma testing killed thousands.
Look up the American Farm Bureau as it, too, was founded by the Rockefellers (plus the Vanderbilts) in the early 1900s to amass control over the small farmer in favor of corporatism; i.e. Monsanto, Dupont, Archer Daniels, etc.
Population control is another spin-off of the foundation's funding, headed by J. D. Rockefeller III. Along with The Ford Foundation, headed by Tim Geithner's father Peter (where Obama's mother Stanley Dunham spent much of her career), these foundations have underwritten policies to control governments unfriendly to ours while funding population control. Truthfully, we peons have no idea what tactics they used and are still using, but we are a very unpopular country in many areas of the world for manipulating others.
It's too bad the elitism that governs our country today forgets the privileges fought and won by those who escaped such monarchies of Europe. Many of these foundations have been taken over by those who see a new order and U.N. control as our future.
It's too bad the elitism that governs our country today forgets the privileges fought and won by those who escaped such monarchies of Europe.