I don't think so. There hasn't been a successful application of this strategy in my lifetime, if ever. The Rockefeller example isn't a good one, since his overall "success" was more a function of his criminal activities than anything else -- including bribery of public officials, industrial espionage, sabotage, violations of Federal railroad regulations, etc.
I can do nothing about the way you think, but dumping does work, if it is targeted towards a market that one can capiture (drive competitors out) and then be milked of a profit. Numerious examples abound, John D being the most famious, Japan used the tactic with success in taking over the consummer electronics industry in the usa. Profits at home subsidizes market take over abroad, tried and almost repeated with auto's in the 80's, China is doing the same today.