If you think this book can rewrite the history of the latter half of the nineteenth century, you’re sadly mistaken. (Yes, I know there were some NOBLE industrialists as well, Andrew Carnegie, and Milton Hersey immediately come to mind.)
I won’t talk about the railroads, mines, factory-working conditions, etc; how about where it effects people like you most?: your pocketbook.
Do support the idea that monopolies are a good thing and represent survival of the fittest??
The market can be and IS manipulated by both the participants therein as well as government. Most of government intervention is aimed at preventing adverse manipulation by unscrupulous market entities!
The book mentioned does a fair job of covering the industrialists that were bums. It really is worth the read to counteract the 95% propaganda that is being fed to our college students today. Propaganda that has been spewed for 50 years. Sure you didn’t get some in college?
“Most of government intervention is aimed at preventing adverse manipulation by unscrupulous market entities!”
They do? Then how do you explain the data at these links?
http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638
http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00006424