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5 Feet of Fury

Kathy Shaidle's blog. Est. 2000

Evil capitalist scum get rich by overcharging ordinary people for oh wait

May 12, 2011 By Kathy Shaidle

Capitalism 2: The Cheapening!

“Cornelius Vanderbilt cut the price of rail freight 90 percent, Andrew Carnegie slashed steel prices 75 percent and John D. Rockefeller cut oil prices 80 percent between 1870 and 1900.

“Malcom McLean, Sam Walton and Michael Dell did roughly the same for container shipping, discount retailing and home computing a century later, and were also unloved for it.”

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