Exploitation of Consumers Quotes
Grandfather of President John F. Kennedy. Standard Oil had a monopoly on kerosene, a major fuel at the time. The company announced an extra $17 million dividend to shareholders and then raised the price of kerosene throughout the country to pay for it. Some, like Fitzgerald, saw this as a de facto regressive tax levied by a private corporation on the poor and middle class.
Even today, the ethics of the business world are much looser than ethics of most other areas. He was considered one of the 7 Great Greek Sages, although he was not Greek by birth.
It is not capitalism that is the problem but