From: Joe E. Dees (jdees0@students.uwf.edu)
Date: Wed Dec 16 1998 - 17:41:52 MST
From: Dick.Gray@bull.com
To: extropians@extropy.com
Date sent: Wed, 16 Dec 1998 16:38:57 -0700
Subject: Re: Joe's Universal Corporation (tm)
Send reply to: extropians@extropy.com
>
>
> Joe asks, "What about Standard Oil, Dick?"
>
> What about it? It was an innovative company that made kerosene available to
> the masses at very affordable prices. But when Rockefeller got a bit too
> ambitious, it lost a healthy chunk of market share to upstart competitors -
> long before anybody thought to invoke the newly-concocted "antitrust" laws
> against it.
>
> Your point was...?
>
> Dick
>
>
Historical revisionism in the servise of shoring up an indefensible
position becomes no one. Standard Oil had a stranglehold on the
vast preponderence of the oil supply and would undersell (below
their own cost - it's called 'dumping') "upstart" competitors out of
business in any region where they cropped up, at which point they
would jack their prices back up to usurious levels. They were tailor-
made for government dissolution in the interests of the citizenry. Joe
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