Home > Author > Robert B. Reich >

" The captains of industry did not exactly distinguish themselves as publicly spirited. A few, like Carnegie and John D. Rockefeller, established noted charities, but most echoed the sentiments of William H. Vanderbilt, the railroad tycoon, who, when asked by a reporter for the New York Times about keeping open the New York to New Haven line on the assumption that it was run for the public benefit, responded famously, “The public be damned.” Vanderbilt proceeded to give the reporter a short lecture on capitalism. “I don’t take stock in this silly nonsense about working for anybody’s good but our own because we are not. Railroads are not run on sentiment, but on business principles, and to pay. "

Robert B. Reich , Supercapitalism: The Transformation of Business, Democracy, and Everyday Life


Image for Quotes

Robert B. Reich quote : The captains of industry did not exactly distinguish themselves as publicly spirited. A few, like Carnegie and John D. Rockefeller, established noted charities, but most echoed the sentiments of William H. Vanderbilt, the railroad tycoon, who, when asked by a reporter for the New York Times about keeping open the New York to New Haven line on the assumption that it was run for the public benefit, responded famously, “The public be damned.” Vanderbilt proceeded to give the reporter a short lecture on capitalism. “I don’t take stock in this silly nonsense about working for anybody’s good but our own because we are not. Railroads are not run on sentiment, but on business principles, and to pay.