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Capitalism

William Henry Vanderbilt (1821–85), president of the New York Central and numerous other railroads, was a quiet, honest, modest, and, above all else, moderate man.

One hundred years ago many thoughtful people predicted the decline and disappearance of capitalism. What happened to make their prophecy wrong?

People nowadays interchange gifts and favors out of friendship,” says a character speaking from the vantage point of the year 2000 in Edward Bellamy’s 1888 novel, Looking Backward, “but buying and selling is considered absolute

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