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Whereas in the 1870s, East Coast and European bankers had no option but to trust deeply knowledgeable experts on specific illegible emerging markets such as oil and steel, by the 1900s, bankers could do to wannabe-Carnegies what people like Carnegie themselves had done to the artisan class: extract the knowledge they brought to the party and neutralize its use at the negotiating table.
FORBES: Entrepreneurs are the New Labor: Part I
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With QE2 nearing completion, should he raise interest rates and extract excess liquidity before inflation destroys the middle class?
FORBES: An Honest Politician: Understanding Ben Bernanke
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Executives said Tuesday they're also developing a foundry designed to produce metal parts from nickel, an element abundant in asteroids, and operate in space, and a class of "Harvestor" craft to extract valuable material from the asteroids.
CNN: 'Fireflies' to scope out space rocks for mining
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Indirect purchasers who in many cases actually paid the inflated prices are left to sue in state court, where the class-action attorneys have developed a specialized practice to extract an extra layer of revenue from this litigation.
FORBES: U.K. Holds Off Class-Action Tide, For Now