Robber Barons

Just who did the robber barons rob when they lowered the prices of their products below competitors?

We must differentiate between the true robber barons and those business leaders who earned their fortunes by delivering solid products at low prices. We must be careful in how we apply this pejorative lest we make it another empty concept.

Most people are wrong on the robber baron issue. They think the whole problem is that these men became titans and the government did not STOP them and rescue the people. This was not the problem. The problems was and is exactly this: the government subsidizes certain businesses thereby giving them an unfair advantage and SUBVERTING market forces. Without any government interference in the market, there could not be robber barons, only grand benefactors.

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