The worries about the power of Wall Street have their roots in rural America. More than 120 years ago, rural Grangers and Populists were warning about concentrations of business power. Maybe it’s time we listened to our rural forebears. By C. Robert Taylor When Nebraska farmers in the 1880s saw that their economic future was being controlled by large businesses, they didn’t occupy Wall Street. They built a new political party. Here is a picture of the Nebraska Read More …
Tag: robber barons
Is OCM Irrelevant?
September 4, 2012 By Mike Callicrate With much appreciation for the courageous leadership of our past president, Fred Stokes, I write my first message as OCM’s president. I recently asked Fred, “Is OCM irrelevant? How can there be competitive markets without competitors?” In his important and must-read book, Cornered, author Barry C. Lynn describes how every major industry is controlled by a few companies – cartels, shared monopolies and outright monopolies. Always considered one of the greatest threats Read More …