#283 The Rockefeller Technique
Ask Sam Walton, this works. John D. Rockefeller got a few bucks under his belt and started selling oil at a loss and putting everyone else out of business. Having done that, he raised his prices and made up the difference. It’s easier to do this now than it was back then. And it hits the bull’s eye every time.
A refinement came along when it looked like Japanese investors were buying up most of
But the king of this technique had to be Nelson Rockefeller, and his caper didn’t even involve money. It only involved power.
Rockefeller was governor of
Rocky was smarter. He took a look at the downstate transit systems and decided he could make one single agency that controls the
And that’s what he did. Moses would come to his office as always and issue orders. They wouldn’t necessarily be followed. He proposed building stuff. It hasn’t been built to this day. Nice office. Full staff. Good furniture. Fine salary. But Rockefeller shut that patronage mill down. Not that it hasn’t re-grown. But he offed the guy no one could touch.
And while he never admitted in so many words, we all pretty well knew what his object was, and that he’d accomplished it.
Now this was some decades ago and lately, people have forgotten how to do these things.
But there are a couple of pretty good potential cases awaiting. For example, the states of
These guys really want to kill the patronage mills run by the people who run the various roads. And the way to do that is to make a new agency that includes those people. Then, all they have to do as put their own guys on the agency’s boards and that’s the end of the patronage factory. At least for a decade or so.
Both governors are honking madly about how their states need money to fix bad bridges. Selling highways is not the answer. Just take a look at those elephantine budgets and move some money around. The roads get fixed, the bridges get fixed and the entrenched fixers get unemployment comp.
I'm Wes Richards, my opinions are my own, but you're welcome to them.
(c) 2007 WJR