October 8, 2010

Teddy, J.P. and Henry

Ed Wallace
The last seven years have had much in common with the period of 1893 to 1900. But the turmoil this country experienced during the first few years of the 20th century also seems to be mirrored in the events of today.

Certainly the nation once witnessed the rise of the more radical elements, whether they were far-left anarchist movements or center-left progressives. Those movements attested to a very real battle being waged for the heart and soul of what the American Century would become. Its apex was marked by one president's assassination and by the dreams of an inventor who wanted to revolutionize our mobility.

Given what has transpired over the last two years, it is haunting to read Teddy Roosevelt's letter to Congress and his personal thoughts on companies whose sole reason for existence is to make their owners wealthy without regard to the damage they were doing to society. One wonders what would have happened if today's Wall Street Masters of the Universe had been confronted in a White House with the same resolve that Roosevelt showed to J.P. Morgan.
Posted by James Zellmer at October 8, 2010 10:15 PM | Subscribe to this site via RSS:
Posted to Culture | Entrepreneurs | Health/Fitness | Technology