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Good exchange.
I have been reading this thread with some interest also. One thing that I think is also important to keep in mind is that the market works eventually and restrains even these moguls unless the government interferes with or hampers the cycle (and always has to varying degree). For instance: Rockefeller's oil and pipelines hurt Vanderbilt's rail business. Edison's electric light-bulb was what beat down Rockefeller's virtual kerosene monopoly for lighting, after his kerosene production destroyed the whale oil market and probably saved several species from extinction. After that Edison was knocked down a few rungs by Westinghouse and Tesla... Creative destruction works. Rozar said “We just need to remember that we fight things of this nature by limiting the governments ability to act on behalf of a business." Well, yes, but we don't always need the government to step in and make it hard on businesses because we fear a monopoly either. In fact government should stay out of businesses business, unless a case can be brought of criminal activity (collusion, bribery, injury, etc.). It should act to protect start-ups and foster competition for those large companies but it doesn't (I don't mean offering seed money [Solyndra!]). More often than not the unintended consequences of government action end up making/picking winners and losers and almost always the consumers are among the losers. The cronyism, patronage, and buying of politicians is an example of the wrong way to run a government or a market economy. There will always be unscrupulous men who want to get ahead not by competing, but by government assistance, though it may be brought about as easily by punishing the competition as by rewarding the crony for his donations with contracts or favorable laws. Naturally, there will always be some unscrupulous men in office all too happy to take a kickback and interfere in the market using any artifice they can imagine and package for the "greater good", (often with taxpayer money) when in fact they mean their own good. We should expect more from our politicians since we get to screen them and hire them than we do from the businessman, however the slant always seems to favor and excuse the politician while blaming the businessman. The politician has the advantage; he has the power and the means to use the force of law, and often the ear of the media. The greatest threat is not the robber baron but the politician who facilitates him. This in no way is an excuse for the excesses or unscrupulous tactics of some of the so called “robber barons”.
Respectfully,
O.A.
Tandy Model 100. IIRC, Gates wrote the BASIC for it.
I have a post on this in here-but I can't find it. Here is a link to my husband's blogpost :
http://hallingblog.com/corporations-have...
The only thing I'd add is this wasn't exactly a one was bad the other good kind of thing. They both let their ego get in the way of both science and invention. for instance, many of Tesla's later inventions were based on dubious science. For example the harmonics stuff is dubious. Lighting at a distance. The idea he beat Marconi at wireless communication is dubious, although I am not sure he personally made that claim-but his supporters have.
I think that what causes the most harm is when the enterprise uses legislation to their advantage. Jobs was definitely guilty of this as was Gates in lobbying for laws that make it more difficult of the small inventor to succeed. . Carnegie and Rockefeller were guilty/hypocritical of manipulating tariffs to their advantage and the disadvantage of competitors. Those areas are where the most damage can be done.
John D. Rockefeller, the founder of the Standard Oil Company, also used less than admirable tactics in subverting his competition and obtained the first U.S. business trust, giving him a government enforced monopoly of the entire oil industry, allowing him to drive oil prices as high as he liked at the expense of the American public.
Can you name and/or describe the laptop?
If Gates is as close to a Rearden as it gets, then John Dillinger is as close to Batman as you can get.
Thanks for the link.. I'm listening to the documentary on and off when I have a chance in the background at work. The beginning sounded like the intro to a pseudoscience show about UFOs, but the first 10 minutes was good-- not woo-woo.
Gates was always all about the money. And he's a leftist progressive.
Rearden is a self-made man; Gates was made by his daddy (a millionaire), IBM, and the U.S. government. Likewise, Jobs was made by the genius of Steve Wozniak, and the U.S. government.
(sigh)
Btw, I *still* come across pages that won't load except in IE...
I agree with nickursis's comments too.
http://online.wsj.com/article/SB10001424.... You should go read it before you get too excited here.... The point is that despite all the supposed heroics, what we see as :business icons: do not necessarily rise to the character of a totally unblemished, wonderful person. A lot of times there is a lot of baggage and less than honorable actions that they, or their companies, have done to progress forward. I think the original premise here was that the picture was of Ayn Rand sating that the business man does good, and the politician does bad. There are other examples of how that is not necessarily true. There are a lot of businessmen today who are as much a politician as a businessman and politicians that are as much businessmen as politicians. There is no distinct line. Bill Gates has done his share of lobbying, contributing, and special interesting to advance MS interests, as well as Steve Jobs did. It is part of the framework we live in today.
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