Was America’s first billionaire, John D. Rockefeller, a greedy robber baron, a generous philanthropist, or both? And did the oil tycoon exploit America’s poor or give them access to much-needed energy?
Hillsdale College’s Burt Folsom answers those questions in a new Prager University video. The answer may surprise you — especially if you’re one of those who are completely indoctrinated by modern day high schools and universities who try to convince us that material success always comes at the expense of the poor.
As Folsom explains, the truth about Rockefeller is simple yet counter-cultural: America wouldn’t have been what it is without him. He created millions of jobs — literally — and gave away $515 million to charity; that’s more than any other American had ever possessed before him. The reason he isn’t give credit for it?
America’s horrendous education system that teaches students that one can only be successful by exploiting others.
As Rockefeller’s life proved, the opposite is true: real (financial) success is the result of serving others — not enslaving them.