Morehead-Cain Foundation |
Duke Medical Center |
(first published in North State Journal 2/13/19)
After the Peloponnesian War, the
Spartans dismantled the Athenian democracy and replaced it with a group of
wealthy oligarchs called the Thirty Tyrants.
Congresswoman Alexandria
Ocasio-Cortez and her colleagues in the current Socialist Democratic Party of
America must think our Founders replaced a monarchy with Oligarchs 230 years
ago.
In the view of many in the
rapidly-drifting-to-the-extreme-far-left-socialist Democratic Party, our
country is run by wealthy people who are “immoral” simply because they have
wealth and others do not.
They think we would be better off
without any wealthy people. “Oligarchicide” it would be called if we got rid of
them all.
How “immoral” can wealthy people
be?
- James Buchanan Duke built an
international tobacco empire in Durham. Hundreds of thousands of North
Carolinians were employed over the past century either in the tobacco-growing
industry or in manufacturing centers around the state. The Dukes started Duke
Power, now Duke Energy, which is the largest energy company in America today.
With his wealth, he and the Duke family endowed Duke University which spawned the internationally-acclaimed Duke Medical Center and something called “Krzyzewskiville”. They established the Duke Endowment which funds Davidson College, Furman and Johnson C. Smith University and a myriad of charitable organizations across the Carolinas.
- John Motley Morehead III studied chemistry at UNC-Chapel Hill. He started the Union Carbide Company after figuring out a way to manufacture acetylene gas for industrial use. Not only have tens of thousands of people worked at Union Carbide over the past century, he gave much of his wealth to start the Morehead Foundation at Chapel Hill, endowed the Morehead (now Morehead-Cain) Scholarship program and built the Morehead Planetarium and various other buildings on campus for everyone to use.
Had both Mr. Duke and Mr.
Morehead been George Bailey and been granted a wish to see what life would have
been like in North Carolina had they never been born, they would have seen a
rural state that would have been far poorer, less educated and unhealthier longer
than it was.
Both men had a “gift” for
business just as a doctor has a gift to help people get well, a respected judge
has a gift of distributing justice fairly or Zion Williamson has the gift of
slam-dunking for the Duke Blue Devils.
All gifted people who do well
make us all better off in the long-run by doing what they do well.
John Antonio Pascarella, Hayek
Visiting Scholar at the Clemson Institute for the Study of Capitalism calls
such a gift for business the “Money-Making Art”:
“The Greek word usually translated as "business" is chrēmatistikē (money-making art). The art of chrēmata could be translated as "money," or "property," but literally means "useful things". That would mean the money-making art should more properly be understood as “the art of useful things”.
This fits
the Greek root of the word — chrē — which means "use or need." That would be the clearest way to understand
the natural root of money-making, which for Aristotle is a limited part of what
we broadly call "economics."
James B. Duke and John Motley
Morehead did not know they would one day be fabulously wealthy as a result of
their vision, hard work and determination. No one does. No one would go through
all the trials and frustrations of starting and running a business if they
thought they would be subject to the heavy-handed coercive force of government
under control of socialists such as AOC who would confiscate the fruits of
their ingenuity and invention to the tune of 70% or more.
The extremism of today’s
left-wing socialist Democrats should be roundly derided by sound-thinking
Democrats, Independents and Republicans everywhere. What they want is not
American at all in terms of philosophy, practicality or ethos.
The confiscatory nature of their
proposals would be truly tyrannical in practice.
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