Rail monopolies destroyed the American supply chain

A vintage editorial cartoon depicting a giant squid labeled ‘Railroad Monopoly’ with various things being strangled in its tentacles: a ship, a coach, a farmer and his horses, a miner, a telegraph delivery boy, a winemaker, lumberjacks, a produce farmer, etc. The octopus’s eyes are the bearded faces of two forgotten railbarons.

The rail barons were the original monopolists, whose ability to make or break whole industries based on their parochial needs spurred the first American antitrust laws. For generations, railroads were tightly regulated to ensure resiliency, competition and fairness. Today, the monopolists are back, and their greed has…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store