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As many other commenters pointed out, this is completely misinformed -- he didn't break any laws. He also makes for an interesting case study on monopolies, bec
by lend000 10y ago
As many other commenters pointed out, this is completely misinformed -- he didn't break any laws. He also makes for an interesting case study on monopolies, because he did not actually attain as much rent-seeking as many people think, or even compared to today's companies. Natural, malevolent monopolies cannot exist without rent-seeking, and Rockefeller was a great example of that. His empire was very close to a monopoly, but it was not malevolent to the consumer -- he had driven down the price of kerosene by over 50% after 30 years.
- Animats 10y agoEr, no. See "Ludlow Massacre".
- ArkyBeagle 10y agoAs I recall, the Rockefellers ( both Jr. and Sr. ) at least took pains to be seen as part of the solution rather than part of the problem.