The New York Times had an interesting perspective article in Sunday's edition.
Basically, the paper reported, the people we learned about in high school who ran big business before the Great Depression and government regulation (like Rockefeller, Carnegie, etc.) and never thought we'd see the likes of again, are coming back en masse.
The article profiles some of the heads of today's big-business conglomerates, like Citigroup, which have ridden the wave of deregulation begun under Clinton to accumulate the greatest concentration of wealth since the 1910s.
And what do they want to do with that money? It's not higher wages for workers, it's a la Rockefeller Center and Carnegie Hall charitable giving: They know best where to give their money.
So after years of government taxes/redistribution of wealth failing to make the poor richer and vice versa, is it time to come back to this kind of "successful/rich person knows best" mentality? And is it happening locally at all? Read the linked story and tell us what you think.
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