Capitalist altruism

William H. Vandebilt

William H. Vandebilt

“The public be damned.”

– William H. Vanderbilt, American railroad magnate, explaining to a reporter in 1882 who wanted to question him about the methods used to finance railroads, and who insisted that the public had a right to know, that the free market had not nurtured his altruistic tendencies after all.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s