09 March 2010

Hooray for the Robber Barons

I like this letter-to-editor that was published in the Wall Street Journal today. A George Cull from Peninsula, Ohio wrote:

Regarding Daniel Henninger’s “Bring Back the Robber Barons” (Wonder Land, March 4) and the benefits bestowed upon us by the rich: For 30 years I posed this question to my eighth graders: In a free enterprise system with incentives and competition, who would be the richest person? The answer: the one who makes the most product for the most people for the least cost. And what’s wrong with that? Why, nothing. Eighth graders understood the concept.


1. Wall Street Journal, Letters to the Editor, p. A20.

No comments: