John D. Rockefeller became the nations first billionare (back when the cost of living was around $.25 a day and the average wage was around $430 a year) He was the richest American ever, and widely considered to have been the richest person on the planet. His company, Standard Oil, was considered the most ruthless and cruel monopoly and is the textbook example of Monopoly used still today.
Andrew Carnegie pretty much was American steel at a time when everything was made from steel. Steam engines, the rails they ran on, the beams used to construct modern buildings, cars, ships, you name it, all steel, and pretty much from his foundries. He killed over 2,000 people because his get away flooded a town, and he is responsible for the Homestead Strike which is one of the bloodiest anti-union attacks. Fair wages and decent working conditions? Bah, peasants.
William Randolph Hearst build a publishing empire from salacious articles and, frankly, out right lies. Heck, to boost sales of a flagging paper, he even convinced the country to go to war. (You, know, just in case you think that conservative nut jobs riling up the masses is a new thing.)
Why do i note these folk? Well, recently i’ve been thinking about our current crop of robber barons. It started when i was listening to a podcast talking about the Vision Fund which gives questionable startups like WeWork ungodly gobs of cash.
The point really got driven home when i saw this tweet showing how taxes for the top 400 have dropped over the years.
So, what are the ultra wealthy folks like Bezos, Jobs, Zuckerberg and the rest doing with their cash? They’re “reinvesting it” using investment funds like the Vision Fund above. They’re burning it in rocket fuel.
Know that they’re not doing with that huge pile of cash? Building universities, or public squares, or even over-opulent tourist attractions lording over large swaths of green space. Basically, the old robber barons at least had some level of civic mindedness (or at least sense of legacy) to realize that at least trying to buy some positive legacy might be a good idea.
At least that’s one thing i can look forward to. The new crop will be forgotten quickly.
They’re the kings that Ozymandias was trying to impress.
The ones you have no memory of.
Because, you know, fuck them.