So, if you want to take a break from Joe Biden The bleak left, the progressive, the radical, the big governmental socialism of the Green New Deal — if you’ve made it big here and want to take a little vacation, I’ve got the thing for you.
Tonight, on Fox Business Channel, “American Dynasty” kicks off at 9 p.m. ET. It is a documentary series that takes a look at the most famous family empires in American history.
The series specifically focuses on one of my favorite periods in American history. Liberal historians call this era the “Golden Age” and its notable heroes such as Henry Ford and John D.
Among the most successful entrepreneurs in American history, left-wing historians call the people whose technological innovations and inventions made America the world’s greatest economic power between the end of the Civil War and the beginning of the incorrect first Progressive era in 1910 – “robber barons?” Really? Rather, I would say it is free market capitalism.
You know how Joe Biden’s socialism failed completely? The free market capitalism practiced by these great economic minds has worked perfectly – it has worked perfectly. Think about this: During that time, they invented the telegraph, telephone, railways, automobiles, oil refineries, cameras, light bulbs, and steel. Oh, and I said – planes? This also.
With the possible exception of the Internet Information Age, this was the greatest period of technological progress in American history. After the apocalyptic war between the states, which was necessary to unify the Union and abolish slavery, men like Henry Ford, John D. Rockefeller, Andrew Carnegie, Andrew Mellon, and Orville Wright changed the face of America.
Here’s a quick rundown of how the middle class can benefit from these geniuses.
Henry Dominguez: “Most companies at the time were trying to sell big, expensive cars to the rich, but Henry Ford never thought this was the market to go after.”
Larry Kudlow: “His strategy was to build and produce cars that ordinary people could drive.”
Well, here’s the story – backstory… In 1914, Ford assembly line workers weren’t happy with $2.34 for 9 hours a day. Therefore, Henry Ford decided to double their wages to $5. Literally, thousands and thousands and thousands of workers lined up to apply for this new higher wage.
Suddenly, productivity soared. Assembly lines were humming. The pay was now so good that people were willing to do all the work. Five dollars might not seem like a lot today, but it was a lot of money back then, and then came Ford’s second genius move. He had them build an affordable model that his workforce could buy at their new higher wages and it worked. They bought, drove, and changed America.
Scottish-American industrialist Andrew Carnegie expanded the steel industry. John D. Rockefeller discovered oilI used it first as kerosene and then learned how to refine it into gasoline to fuel Henry Ford’s cars. After that, the oil was used across the country as a light source but was suspended for a minute.
Thomas Alva Edison, working with Samuel Morse and others, invented the telegraph and then the telephone, to promote communication at international speeds and distances he had never dreamed of, and then, when Edison was fiddling with electricity, he discovered lamps that run on electricity, as in light bulbs. As in the original mission that once formed a large company, General Electric.
Now, check this out from the TV show “The Gilded Age”, watch this:
I would say the whole story speaks for itself, especially with regards to the oohing and ahing, but that’s what they lit up, the entire office building or whatever it was, with the new light bulbs. These are things that modernity never imagined. Available and reasonably priced for regular workers, and while all of these wonderful things were happening, Orville Wright was tinkering with his bike shop and after a few false starts, he and his brother finally invented an airplane that came off the ground in Kitty Hawk, North Carolina.
So, while Carnegie was making steel for Henry Ford cars, Ford was raising wages so that his workforce could buy cars. Rockefeller was refining gasoline to fuel cars. Edison was making light bulbs to light homes, factories, and office buildings at the end of car destinations and the Wright Brothers launched flying.
Oh, and by the way, have you forgotten the astonishing proliferation of railroads that crisscross the country bringing the United States together and connecting cities and towns all over the place so they can talk to each other on their phones? So can parents start keeping track of their kids and kids can talk to their grandparents? You don’t want to forget that either. All this in about 40 years – really?
Have you ever thought of something as incredible as this story? it’s the truth. It is rooted in free market capitalism, where men and women were free to use their God-given talents, where success was rewarded, where work became easier and families could be together – all to improve life, To make America a better, prosperous, global power never seen before or made frankly meaningful. This is what freedom brings. This is why Joe Biden’s anti-freedom socialist policies must be stopped.
Now, have these businessmen gotten rich? Yes, they did, but unlike left-wing historians, Rich is not bad. The rich is not evil. Rich people came from the fruits of their minds and labour, check this out:
Larry Kudlow: “Every one of these industrialists became a great philanthropist, that’s what they did. They gave their money and that to me is one of the great definitions of free market capitalism // Your motive must be first and foremost the reward for your labor – you have to survive, but you must Your motivation is to help people.”
Did it help people? Well, consider this one, just for starters: John D. Rockefeller founded the University of Chicago, Rockefeller University, and with his wife, Laura Spelman Rockefeller, he founded the historic Black Spelman College.
Andrew Carnegie built Carnegie Hall in New York, built the Carnegie Endowment for International Peace, and, along with banker Andrew Mellon, created Carnegie Mellon University and the Carnegie Museums in Pittsburgh.
In Cleveland, Pal Rockefeller, fellow industrialist Amasa Stone, started what is today Western Reserve University, formerly known as Case Western. Railroad magnate Cornelius Vanderbilt founded Vanderbilt University in Nashville, Tennessee. Ezra Cornell, who worked for Samuel Morse and Thomas Edison, started Cornell University.
These and many heroes of the Gilded Age founded countless colleges, libraries, hospitals, and other institutions, you tell me. This is how wealth alleviates poverty. This is how genius freedom is born. This is how a great democracy like America became the world’s largest economic engine, and unfortunately, that’s why Joe Biden and his left-wing cohort of success-punishers, distributors and income levelers are all so terribly wrong, grossly wrong. That’s why cavalry must come and the “gilded age” is one of the greatest archetypes and I don’t care what left historians say. I know what’s right
This article is excerpted from Larry Kudlow’s opening comment on the October 18, 2022 edition of “Kudlow”.