Dark Side of Unfettered Capitalism; Just a Reminder to you folks under 50


It's so fucking stupid how some of the 'free market' libertarians feel apologetic for economic criminals like BP or Jimmy Dimon, whom Rush was apologizing for last week or so back.

Dimon is a thief and his ass should have been put behind steel bars years ago and the key melted into birdshot and fired over the North Atlantic.

Wow, Swallow, we seem to agree on something.
 
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Is this another misguided attempt to claim that there were no regulations before you were born? Did you know that the dam that you are talking about, the one that was the result of "unbridled capitalism," was built by the State of Pennsylvania as part of a canal they operated?

It was taken over by the South Fork Fishing and Hunting Club which was founded and ran by Carnegies top man Henry Clay Frick.

South Fork Fishing and Hunting Club - Wikipedia, the free encyclopedia

The South Fork Fishing and Hunting Club was a Pennsylvania corporation which operated an exclusive and secretive retreat at a mountain lake near South Fork, Pennsylvania for more than fifty extremely wealthy men and their families. The club was the owner of the South Fork Dam, which failed during an unprecedented period of heavy rains, resulting in the disastrous Johnstown Flood on May 31, 1889.

The failure released an estimated 20 million tons of water from Lake Conemaugh, wreaking devastation along the valley of South Fork Creek and the Little Conemaugh River as it flowed about a dozen miles downstream to Johnstown, Pennsylvania, where the confluence of the Little Conemaugh and Stonycreek River forms the Conemaugh River, a tributary of the Allegheny River.

It was the worst disaster event in U.S. history at the time, and relief efforts were among the first major actions of Clara Barton and the newly organized American Red Cross which she led. The death toll from the 1889 flood was approximately 2,209, about 1/3 of whom were individuals who were never identified.

Despite some years of claims and litigation, the club and its members were never found to be liable for monetary damages. The corporation was disbanded in 1904 and the real estate assets were sold by the local sheriff at public auction, largely to satisfy a pre-existing mortgage on the large clubhouse...

The South Fork Dam was originally built between 1838-1853 by the Commonwealth of Pennsylvania as part of the Pennsylvania Main Line canal system to be used as a reservoir for the canal basin in Johnstown. It was abandoned by the commonwealth, sold to the Pennsylvania Railroad, and then sold again to private interests.

In 1879, at the suggestion of entrepreneur Benjamin Franklin Ruff, the newly organized club purchased an old dam and abandoned reservoir from Ruff which he had purchased from Congressman John Reilly. Ruff envisioned a summer retreat in the hills above Johnstown. He promoted this idea to Henry Clay Frick, a friend of his, who was one of the wealthy elite group of powerful men who controlled Pittsburgh's steel, rail and other industries,...

Prior to closing on Ruff's purchase, Congressman Reilly had crucial discharge pipes removed and sold for their value as scrap steel, so there was no practical way to lower the level of water behind the dam should repairs be indicated.[2] Ruff, while he was not a civil engineer, had a background that included being a railroad tunnel contractor and supervised the repairs to the dam, which did not include a successful resolution of the inability to discharge the water and substantially lower the lake for repair purposes.[2]

The 3 cast iron discharge pipes had previously allowed a controlled release of water. When the initial renovation was completed under Ruff's oversight, it was now impossible to drain the lake to repair the dam properly. To compound the problem, the owners and managers had erected fish screens across the mouth of the spillway, and these became clogged with debris, restricting the outflow of water.

Passers-by sometimes commented about the likelihood of a failure, but no action was taken. However, over the years, despite dire predictions of some, the dam had not failed completely since 1862. Notwithstanding leaks and other warning signs, the flawed dam held the waters of Lake Conemaugh back more or less successfully until disaster struck in May 1889...

In the years following this tragic event, many people blamed the members of the South Fork Fishing and Hunting Club for the tragedy, as they had originally bought and repaired the dam to turn the area into a holiday retreat in the mountains. However, they failed to properly maintain the dam, and as a result, heavy rainfall on the eve of the disaster meant that the structure was not strong enough to hold the excess water. Despite the evidence to suggest that they were very much to blame, they were never held legally responsible for the disaster. In keeping with the times, the courts viewed the dam's failure as an Act of God, and no legal compensation was paid to the survivors of the flood.

Individual members of the club did contribute substantially to the relief efforts. Along with about half of the club members, Henry Clay Frick donated thousands of dollars to the relief effort in Johnstown. After the flood, Andrew Carnegie, one of the club's better known members, built the town a new library.
There were no regulations that required maintenance, no oversight by the state to ensure the dam was properly maintained and so the owners did NOTHING to keep the dam strong, and even lowered the height of the dam by Frick ordering a road built across the top which was too narrow so they had to reduce its height to enable a single lane road.

Frick, the man in charge and primary owner was the culprit, who had a reputation for disdain of human life and later ordered in the Pinckertons with shoot to kill orders to break a strike he deliberately provoked at the Homestead steel works later, and even Carnegie couldn't stomach that disgrace and later fired the thug.

You skipped a couple of owners in that summation, one of which was the very railroad that closed the canal the state built. strangely enough, the railroad was partially funded by federal dollars, and they were the ones that were primarily responsible for the years of neglect that directly caused the flood.

QW, all that is true, but it still came down to Frick deciding to weaken the dam, KNOWLINGLY, so he could drive his carriage across the top, and then he refused to shore it up, and HE OWNED IT via the sporting club he controlled, IIRC.

Those who have great power also have great responsibility to not roll over and crush the peasants beneath them in society. Frick was irresponsible as was BP, and we are sliding back toward that time of corporate unaccountability.
 

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