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Capitalism

2023


You've Probably Never Had an Original Idea

·4 mins
I’ve never liked the word “invention”; instead, I prefer the term discovery. Nobody has ever invented anything–rather, sometimes we come upon discoveries, and some people are lucky enough to figure out how to get money from them. Whenever I think I’m clever and have somehow come upon a new idea, I have to take a step back and remind myself that nearly everything has already been tried or thought of at some point.

2022


The Weird Story of Standard Oil

·4 mins
Once upon a time, the US government enforced antitrust legislation. One of the most famous examples of this is the case of Standard Oil. To understand what happened to Standard Oil, we need to take a short walk back in time through history. The year is 1890, and the US Congress is a well-functioning body with rational officials who’s brains still function at a high enough level to pass sensible legislation.

2021