History of the Great American Fortunes — How Wealth Becomes Power
What happens when accumulated wealth begins increasing the power to shape the conditions under which future wealth is created?
Welcome to Crisis in Perception, where we examine the systems shaping our world.
Using History of the Great American Fortunes by Gustavus Myers as our lens, this Deep Dive investigates the historical machinery behind some of America’s largest concentrations of private wealth.
Myers challenges explanations that reduce great fortunes either to exceptional talent and thrift or to the moral failures of individual magnates. Instead, he traces recurring relationships among…
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