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James Grant, Wall Street Journal
Book review: Freaks of Fortune, by Jonathan Levy.Mr. Levy's chapter on monopoly—"trusts," as they were called at the turn of the 20th century—features an Ayn Rand-type villain named George W. Perkins. A Morgan banker, Perkins sought to reorganize American business along the lines of cooperation, not competition. He declared, for instance, that there should be one big life insurance company, not a lot of little squabbling ones. "My idea," he said, "is that the businessman of this country must today, and in the future, serve the people."
Published: 2012-11-02
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