Word: capitalists
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Dates: during 1990-1999
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...Titan: The Life of John D. Rockefeller, Sr. (Random House; 774 pages; $30), Ron Chernow, author of two earlier epic works of business history (The House of Morgan and The Warburgs), has produced one of the great American biographies. Rockefeller may linger in the national memory as a fading capitalist icon, a moral double exposure from long ago, but his story (and that of Standard Oil and the great trust-busting struggles at the turn of the century) becomes an interesting rear-view mirror at the turn of another century, at a moment when the Federal Government has moved against...
...represented a centralized, hierarchical organization that was as intolerant of competitors as the Vatican was of heretics. Chernow proposes a shrewder thought: "At times, when he railed against cutthroat competition and the vagaries of the business cycle, Rockefeller sounded more like Karl Marx than our classical image of the capitalist." America is still trying to figure out where it stands concerning monopoly and competition...
...Stuttgart, Daimler Workers Council representative Jurgen Hesse was more cautious: "When a capitalist enterprise undertakes a move like this, it wants to save money. And that can mean cutting back on jobs. We can't say yet where the pressure will be felt...
...years after the publication of Looking Backward, there appeared a very different view of A.D. 2000. It was a sort of capitalist rebuttal, although by definition the free-market philosophy does not easily lend itself to Utopianism, with its regimented bliss. In A Journey to Other Worlds by John Jacob Astor, Socialism has hopelessly ruined Europe, while the U.S., having absorbed Canada, Mexico and most of Central and South America, virtually rules the world together with its ally, Great Britain. A great-grandson of the dynasty's founder, Astor was a playboy with a serious side. Fascinated by science...
...dogged by production, delivery and cash-flow problems that many retailers had declined to stock Halston again. Catterton stepped in to provide a desperately needed infusion of capital, and the company vows that all current orders will be filled. But it is unclear whether the private venture-capitalist outfit will be able to meet the needs of a white-hot clothing line in the future. And if money gets tight again, who knows if Duke and Porcelli, the architects of Halston's current success, will want to stay around...