Rich Uncle Pennybags: Financial Tycoon J.P. Morgan

“Very few of the heroes of the Golden Age of American finance had much interest in the solid realities of what underlay their structure of stocks and bonds and credits. Later on, a Henry Ford might introduce an era of intensely production-minded captains of industry, but the Harrimans, Morgans, Fricks, and Rockefellers were far more interested in the exciting manipulation of huge masses of intangible wealth than in the humdrum business of turning out goods.” – Robert Heilbroner

A portrait of JP Morgan Sr / JP Morgan Jr /

Photo by Bettmann, Getty Images / Hulton-Deutsch Collection, Corbis, Getty Images

“The Captains of Industry have always counseled the rest of us ‘to be realistic.’ Let us, therefore, be realistic. Is it realistic to assume that the present economy would be just fine if only it would stop poisoning the air and water, or if only it would stop soil erosion, or if only it would stop degrading watersheds and forest ecosystems, or if only it would stop seducing children, or if only it would stop buying politicians, or if only it would give women and favored minorities an equitable share of the loot?” – Wendell Berry

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