HOW THE 1 PERCENT PROVIDES THE STANDARD OF LIVING OF THE 99 PERCENT


George Reisman - 2015
    As they see matters, wealth in the form of means of production and wealth in the form of consumers’ goods are essentially indistinguishable. For all practical purposes, they have no awareness of the existence of capital and of its importance. Thus, capitalists are generally depicted as fat men, whose girth allegedly signifies an excessive consumption of food and of wealth in general, while their alleged victims, the wage earners, are typically depicted as substantially underweight, allegedly signifying their inability to consume, thanks to the allegedly starvation wages paid by the capitalists.The truth is that in a capitalist economic system, the wealth of the capitalists is not only overwhelmingly in the form of means of production, such as factory buildings, machinery, farms, mines, stores, warehouses, and means of transportation and communication, but all of this wealth is employed in producing for the market, where its benefit is made available to everyone in the economic system who is able to afford to buy its products.Consider. Whoever can afford to buy an automobile benefits from the existence of the automobile factory and its equipment where that car was made. He also benefits from the existence of all the other automobile factories, whose existence and competition served to reduce the price he had to pay for his automobile. He benefits from the existence of the steel mill that provided the steel for his car, and from the iron mine that provided the iron ore needed for the production of that steel, and, of course, from the existence of all the other steel mills and iron mines whose existence and competition served to hold down the prices of the steel and iron ore that contributed to the production of his car.And, thanks to the great magnitude of wealth employed as capital, the demand for labor, of which capital is the foundation, is great enough and thus wages are high enough that virtually everyone is able to afford to a substantial degree most of the products of the economic system. For the capital of the capitalists is the foundation both of the supply of products that everyone buys and of the demand for the labor that all wage earners sell. More capital—a greater amount of wealth in the possession of the capitalists—means a both a larger and better supply of products for wage earners to buy and a greater demand for the labor that wage earners sell. Everyone, wage earners and capitalists alike, benefits from the wealth of the capitalists, because, as I say, that wealth is the foundation of the supply of the products that everyone buys and of the demand for the labor that all wage earners sell. More capital in the hands of the capitalists always means a more abundant, better quality of goods and services offered for sale and a larger demand for labor. The further effect is lower prices and higher wages, and thus a higher standard of living for wage earners.Furthermore, the combination of the profit motive and competition operates continually to improve the products offered in the market and the efficiency with which they are produced, thus steadily further improving the standard of living of everyone.In the alleged conflict between the so-called 99 percent and the so-called 1 percent, the program of the 99 percent is to seize as far as possible the wealth of the 1 percent and consume it. To the extent that it is enacted, the effect of this program can only be to impoverish everyone, and the 99 percent to a far greater extent than the 1 percent. To the extent that the 1 percent loses its mansions, luxury cars, and champagne and caviar, 99 times as many people lose their houses, run-of-the mill cars, and steak and hamburger.

Robber Barons: The Lives and Careers of John D. Rockefeller, J.P. Morgan, Andrew Carnegie, and Cornelius Vanderbilt


Charles River Editors - 2016
    Men like Andrew Carnegie built empires like Carnegie Steel, and financiers like J.P. Morgan merged and consolidated them. The era also made names like Astor, Cooke, and Vanderbilt instantly recognizable across the globe. Over time, the unfathomable wealth generated by the businesses made the individuals on top incredibly rich, and that in turn led to immense criticism and an infamous epithet used to rail against them: robber barons. Dozens of men were called “robber barons”, but few of them were as notorious as Cornelius Vanderbilt, who also happened to be one of the nation’s first business titans. Vanderbilt was a railroad and shipping magnate at a time that the industry was almost brand new, but he rode his success to become one of the richest and most powerful men in American history. When historians are asked to name the richest man in history, a name that often pops up is that of John D. Rockefeller, who co-founded Standard Oil and turned it into the first real trust in the United States. Rockefeller had been groomed ambitiously by a huckster father nicknamed “Devil Bill”, who was just as willing to cheat his son as an unsuspecting public, and John certainly chased his dreams of living long and large. Rockefeller forged his empire in the first few decades of his life and nearly worked himself to death by the time he was 50, which helped compel him to retire for the last several decades of his life. At one point, Rockefeller’s wealth was worth more than 1.5% of the entire country’s gross domestic product, and by adjusting for inflation, he is arguably the richest man in American history if not world history. When robber barons across America took the reins of vast industries, they needed financing, and many of them turned to the most famous banker of all: John Pierpont Morgan. It was J.P. Morgan who bankrolled the consolidation of behemoth corporations across various industries, including the merging of Edison General Electric and Thomson-Houston Electric Company, which subsequently became General Electric, still known simply as GE across the world today. Similarly, he financed Federal Steel Company and consolidated various other steel businesses to help form the United States Steel Corporation. While critics complained about the outsized influence that these gigantic businesses had, Morgan’s massive wealth also gave him unprecedented power in the financial sector and the ability to deal with politicians. In fact, Morgan played an important part in the Panic of 1907 and the subsequent decision to create the Federal Reserve as a monetary oversight. Ironically, one of America’s most famous robber barons, Andrew Carnegie, epitomized the American Dream, migrating with his poor family to America in the mid-19th century and rising to the top of the business world in his adopted country. A prodigious writer in addition to his keen sense of business, Carnegie was one of the most outspoken champions of capitalism at a time when there was pushback among lower social classes who witnessed the great disparities in wealth; as he once put it, “Upon the sacredness of property civilization itself depends—the right of the laborer to his hundred dollars in the savings bank, and equally the legal right of the millionaire to his millions.

Who Controls America


Mark Mullen - 2017
    All of the mentioned are just puppets on an invisible string doing the biddings of a few unseen puppeteers. Yes, that’s right. A few elite and undisclosed organizations send our children off to war, restrict the growth of the middle class, and limit educational opportunities for American citizens. The sad truth is this is nothing new. Thomas Jefferson and Benjamin Franklin warned of the dangers and destructive power of these elites if left unchecked. These few unchosen were able, and continue, to use the Federal Reserve Banking System, universities, and war to create economic recessions and depressions that provide unnoticed benefits to a select group of social manipulators. In this stunning new book, Mark Mullen takes us on an intellectual journey through the world of secret partnerships created by unfamiliar ideologues designed to acquire most of the nation’s wealth and power. In Who Controls America, Mullen shines a light on those few elites who place greed, power, and profits above the interests of the American citizen and the pursuit of the American Dream.

BUNKER 1945 - The Last Ten Days of ADOLF HITLER


Christian Shakespeare - 2019
    Twenty-two years later, he did. April 1945 – Berlin. The world had been at war for more than five-and-a-half years – approximately seventy million people were dead across the globe. The epicentre of the twelve-year-old Third Reich was now surrounded, enveloped by bitter Soviet forces hardened by Nazi barbarity in the east over the last four years. As the buildings were blasted into rubble, pounded by Russian guns and bombs, before their troops and tanks, Hitler was hunkered down in his last headquarters – the dark and damp bunker under the Reich Chancellery. As the Third Reich began to crumble as fast as the city’s buildings, what was the state of mind of the tyrant? Only his closest and fanatical allies saw the collapse, none more so than Hitler’s servants, Otto Gunsche and Heinz Linge – two individuals which witnessed the final act of their regime. An act tinged over the last ten days in late April with selfish betrayal, increasingly forlorn hope, pleas, desperation and eventually suicide. As the Soviets closed in with impending vigour, in the concrete tomb below ground and under the thunderous booms of the petrifying battle for Berlin, the mind of the dictator disintegrated into drugs, delusion and a determination to die. Not by the enemy bullet but one of his own. This is the story of the people who held a unique place in world history – the ones who were there when the nightmare of Nazism and the horrors which accompanied it was finally banished as a dark chapter in the story of the human race.

Elizabeth Taylor: A Life from Beginning to End


Hourly History - 2020
    By the time she was a young teenager, she was already making news and attracting attention. Taylor would go onto star in movies such as A Place in the Sun, Butterfield 8, Who's Afraid of Virginia Woolf?, and Cleopatra, where she played opposite Richard Burton. Her affair with Burton caused a worldwide scandal, and the movie almost ruined Twentieth Century Fox. Taylor and Burton were married and divorced twice, with the world watching their every scandalous move.In her fifties, when Taylor was no longer in demand for leading lady roles, she developed her own brand of perfumes and jewelry. These were so successful that she made more money from her brands than from her movies. She also became the voice for AIDS when everyone else in Hollywood ignored the subject. Her grandchildren have now taken over the Elizabeth Taylor AIDS Foundation and continue her work long after her death. Elizabeth Taylor, the “most beautiful woman in the world,” will continue to affect people for years to come.Discover a plethora of topics such as∙Born Beautiful∙Becoming Mrs. Hilton∙Cleopatra and Eddie Fisher∙On the Campaign Trail∙The Elizabeth Taylor AIDS Foundation∙Late Life and Death∙And much more!So if you want a concise and informative book on Elizabeth Taylor, simply scroll up and click the "Buy now" button for instant access!

The American Civil War Trivia Book: Interesting American Civil War Stories You Didn't Know (Trivia War Books Book 3)


Bill O'Neill - 2018
    Maybe your teacher took the controversial stand that the Civil War was all about states’ rights… or maybe you learned all about the horrors slavery, but never quite figured out why things didn’t get better after the war ended. If you didn’t go to school in the United States, things are even more confusing. When the media is full of references to the Confederate flag, the legacy of slavery, and poverty in the American South, you might have a vague sense that things are bad because of the Civil War… but why? Why does a war that happened over a hundred and fifty years ago still cast a shadow over the United States? This book will tell you why. It will lead you, step-by-step, through the causes of the Civil War, and the effects. But unlike your high school history teacher, it won’t put you to sleep with long-winded biographies and lists of dates. The names you’ll learn are the big players, the ones with big personalities, who made big differences. In just a few minutes a day, you can read bite-sized stories from the Civil War – quick, easy explanations to guide you through the main points, with just enough scary, surprising, or just plain strange facts to keep you coming back for more. Each chapter ends with a bonus helping of trivia and some quick questions to test your knowledge. By the time you’re finished, you’ll know all the facts your history teacher never taught you – from who said slavery was a “positive good” (and why they thought that), to who dressed up in women’s clothing to escape from Union soldiers.

Human History in 50 Events: From Ancient Civilizations to Modern Times (History in 50 Events Series Book 1)


James Weber - 2015
     This book is perfect for history lovers. Author James Weber did the research and compiled this huge list of events that changed the course of history forever. Some of them include: - The first civilization in Mesopotamia in 3,000 B.C. - The Norman Invasion of England in 1066 - The invention of the printing press by Johannes Guttenberg around 1450 - The French Revolution in 1789 - The first motorized airplane flight in 1903 - The Moonlanding in 1969 and many many more The book includes pictures and explanations to every event, making this the perfect resource for students and anyone wanting to broaden their knowledge in histoy. Download your copy now! Tags: history, world history, history books, history of the world, human history, world history textbook, history books for kids, earth history, geographic history, earth history kindle, human history, history books for kids age 9 12, history of the world part 1, a little history of the world, history books for kids age 7-9, history books for young readers, history books for children, history books for kindle,

The Great Depression: A Captivating Guide to the Worldwide Economic Depression that Began in the United States, Including the Wall Street Crash, FDR's New deal, Hitler’s Rise and More


Captivating History - 2018
    On that dark day in October 1929, fortunes were lost and fear of financial insecurity rose throughout the United States and the world. In 1932, the low point of the Depression, as much as a third of Americans were out of work and even more people were unemployed in other countries. The stock market reached its lowest point ever and wouldn’t rise to its pre-Depression levels for almost twenty years. The scale of the crisis demanded new ways of coping and new ideas about the role of government. The ideas that had dominated American thought about the relationship between the economy and government were now viewed to be outdated at best, dangerous at worst. This captivating history book aims to give you a better understanding of a period that contains many tragic stories yet powerful lessons. In The Great Depression: A Captivating Guide to the Worldwide Economic Depression that Began in the United States, Including the Wall Street Crash, FDR's New deal, Hitler’s Rise and More, you will discover topics such as Causes of the Great Depression 1918-1929 Herbert Hoover and the Early Years of the Depression The Election of 1932 The 100 Days and FDR’s First Term, 1933-1937 FDR’s Second Term—Challenges and Critics The Culture of the Depression Sports and the Great Depression The Outlaw Celebrity in the Great Depression Population Shifts and the Culture of the Great Depression International Issues and Concerns During the Depression The Coming Storm and the End of the Depression And much, much more! So if you want to learn more about the Great Depression, click "buy now"!

History and culture, language, and literature: selected essays of Teodoro A. Agoncillo


Teodoro A. Agoncillo - 2003
    

Fools Rush In: Steve Case, Jerry Levin, and the Unmaking of AOL Time Warner


Nina Munk - 2004
    The news was crazy, incredible. The biggest merger ever, it was, according to the media, an "awesome megadeal" and "a fusion of guts and glory." It was "the deal of the century" and "a mega-marriage of earth and cyberspace." An Internet upstart, AOL was buying the world's most powerful media and entertainment company. "A company that isn't old enough to buy beer," marveled the Wall Street Journal, "has essentially swallowed an ancien régime media conglomerate that took most of a century to construct."Two years later, after the smoke had cleared, $200 billion of shareholder value had vanished into cyberspace. On the trail of possible fraud, the SEC and the Justice Department started investigating AOL Time Warner's accounting practices. Meanwhile, a civil war had broken out inside the company, complete with backstabbing and personal betrayals. Before long, almost every major player was out of the company, discredited, and humiliated. Jerry Levin, Time Warner's "resident genius," lost his job, lost his reputation, and, in the view of some people, simply "lost it." Steve Case, the visionary leader of AOL, was forced out of the company he had created. Gone too was the telegenic wonder-boy Bob Pittman, and his gang of fast-talking salesmen. As for Ted Turner, he resigned from his post as vice-chairman of AOL Time Warner in early 2003, bitter, wiser, and $8.5 billion poorer.Fools Rush In is the definitive account of one of the greatest fiascos in the history of corporate America. In a narrative fraught with drama, Nina Munk reveals the overweening ambition and moral posturing that brought down the Deal of the Century. With painstaking reporting and the remarkable eye for detail she's known for, Munk lays out, step by step, the anatomy of a debacle. Irreverent, witty, and iconoclastic, she sees through it all brilliantly."As in all great Greek tragedies, you knew the plot before it played out," one perceptive insider told Munk on the subject of the AOL Time Warner deal; "you knew who'd be sacrificed at the altar." Here's what we discover in Fools Rush In: In their single-minded quest for power, Steve Case and Jerry Levin were at each other's throats even before the deal was announced. Bob Pittman was regarded as a "windup CEO" by Case, and viewed as a hustler by just about everyone at Time Warner. Ted Turner underestimated Jerry Levin's ruthlessness badly. And Levin himself, convinced he was creating a great legacy comparable to that of Time Inc.'s founder, Henry Luce, refused to acknowledge the obvious: that, with a remarkable sense of timing, Steve Case had used grossly inflated Internet paper to buy Time Warner.

Zero Hour for Gen X: How the Last Adult Generation Can Save America from Millennials


Matthew Hennessey - 2018
    Soon Gen Xers will be the only cohort of Americans who remember life as it was lived before the arrival of the Internet. They are, as Hennessey dubs them, “the last adult generation,” the sole remaining link to a time when childhood was still a bit dangerous but produced adults who were naturally resilient. More than a decade into the social media revolution, the American public is waking up to the idea that the tech sector’s intentions might not be as pure as advertised. The mountains of money being made off our browsing habits and purchase histories are used to fund ever-more extravagant and utopian projects that, by their very natures, will corrode the foundations of free society, leaving us all helpless and digitally enslaved to an elite crew of ultra-sophisticated tech geniuses. But it’s not too late to turn the tide. There’s still time for Gen X to write its own future. A spirited defense of free speech, eye contact, and the virtues of patience, Zero Hour for Gen X is a cultural history of the last 35 years, an analysis of the current social and historical moment, and a generational call to arms.

3000 Facts about TV Shows


James Egan - 2016
    The producers refused. In Doctor Who, the Twelfth Doctor's costume was inspired by David Bowie. In Game of Thrones, Hodor's real name is Wyllis. Matthew Perry plays Chandler in Friends. He says he can't remember a single thing from the show throughout three seasons. In The Simpsons, Hans Moleman has died at least 15 times. Many mobsters contacted James Gandolfini to tell him his performance was excellent in The Sopranos but warned him not to wear shorts in the show. Millie Bobby Brown was 11 when she was cast as Eleven in Stranger Things. The Tourette Syndrome Association praised the show, South Park, for its accurate portrayal of the Tourette's condition. In Family Guy, Meg's full name is Megatron Griffin.

Crude Volatility: The History and the Future of Boom-Bust Oil Prices


Robert McNally - 2017
    Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations.Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how--even from the oil industry's first years--wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions--first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC--succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations--including mistakes to avoid--as we confront the unwelcome return of boom and bust oil prices.

Mea Culpa: The Election Essays


Michael Cohen - 2020
    For the first time, fans of Cohen’s hit podcast, Mea Culpa, can now read the very best of his essays and political analysis from the show all in once place. This book serves as a snapshot of an incredibly dark 50 days in the run up to the most divisive election in modern history. With his signature wit and New Yawk sensibility, get inside the head of Donald J. Trump from the man who knew him best.

Big Shots: The Men Behind the Booze


A.J. Baime - 2003
    Now, a former Senior Editor for "Maxim gives a crash course on the men behind our favorite labels, including: