Bring Back the Robber Barons

Great read - entrepreneurial spirit may be inherent to the human animal, but the institutional framework can incentive market (wealth creator) or political (wealth destroyer) entrepreneur. William Baumol's excellent book the The Free-Market Innovation Machine: Analyzing the Growth Miracle of Capitalism is a must read.

http://online.wsj.com/article/SB10001424052748703862704575099572105775414.html