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21st-century robber barons

Guest editorial

The wealthy elite of the late 19th century were the likes of John D. Rockefeller, Andrew Carnegie, J.P. Morgan and Henry Ford — industrialists who amassed their fortunes as so-called robber barons or captains of industry.


They created massive personal wealth by monopolizing huge industries, driving out small competitors, exploiting workers and paying little attention to their customers or competition.


The tide was changed in the U.S. only when antitrust legislation was enacted and their powerful monopolies were broken up.


Today’s so-called robber barons or ca