Home
/
RELIGION & LIBERTY ONLINE
/
John D. Rockefeller’s Special Gift to the World
John D. Rockefeller’s Special Gift to the World
Jul 2, 2025 11:22 PM

Whether derided as a devil of modern industry orhailed as a saint of modern philanthropy, oil tycoon John D. Rockefeller remains a controversial figure.

Although the reality of the man is plex,thosewho attackhis legacy tend to indulgein more than a fewhistorical errors and economic myths, painting him as a supreme symbol of all that is wrong with industrialization and capitalism. And yet, despite some troubling tactics and cronyist maneuvering, the man himself isa symbol of much that is good.

As historian Burt Folsom explains, the real picture has a bit more color and brightness. Contrary to his critics, Rockefeller’s empire prioritized ingenuity above indulgence, gift-giving above greed, and economic transformation above static consumerism.

Rockefeller’sspecial gift to the world? “Cheap kerosene,” says Folsom, and “cheap enough that anyone could buy it.”

And like any productive activity in theEconomy of Creative Service, the gift-giving stretched well beyond the material. New ideas were formed, new skills and products were developed, old needs were met, and diverse and munities were connected. People of all stations worked together in a profound web of collaborative exchange, and the fruits were shared by all.

The stagnantand unscrupulous can surely use capitalism to secure themselves a smallsliverof a certainpie. But while theseprefer to use business as a means for mereprovision, Rockefeller showed its power to improve life for all, offering new solutions to the broadest swath of society, whetherrich orpoor, privilegedordisconnected.

“We had vision,” Rockefeller once said. “We saw the vast possibilities of the oil industry, stood at the center of it, and brought our knowledge and imagination and business experience to bear in a dozen, in twenty, in thirty directions.”

Rockefeller’s life isn’t without its problems, and his legacy has been done no favors by the mischief of his ancestors and standard-bearers. But when one steps back and surveys the full picture of his life, we see a man driven not by money, but by enterprise and its possibilities.

We will still see Rockefeller as a symbol of modern industrialization, to be sure, but one that inspires us to use our God-given creative capacity to transform society for the better.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Bad economic news hits people harder than good news
From the perspective of well-being, is it better to win $100 or to not lose $100? If you assume that winning is obviously better, you’ve probably never been in a casino. Almost anyone who has gained and lost similar sums of money gambling knows that losing hurts more. Humans seem to be hard-wired for what is called loss aversion. Loss aversion, a concept in cognitive psychology first identified by Amos Tversky and Daniel Kahneman, can be summed up as “losses...
How eschatology transforms our economic action
As the church continues to navigate the challenges of the modern economy, we’ve seen a renewed recognition of the “earthiness” of our God-given callings—embracing the mundane and material aspects of our daily work and rejecting the “sacred-secular divide.” Yet in our earnest efforts to e more “earthly minded” for heavenly good, we face new temptations toward a different sort of lopsidedness. In an article for FULLER Studio, Vincent Bacote reminds us of this risk, recognizing the need for balance and...
Radio Free Acton redux: John Stonestreet doesn’t want to talk about sex
On this remastered episode of Radio Free Acton, we revisit an interview we had with John Stonestreet, President of the Colson Center for Christian Worldview. We examine the major contributions of Christianity to western culture, try to figure out if there’s a reasonable system of thought that could replace it in our society, and explore a bit of what the secular left has replaced Christianity with. Spoiler alert: it’s sex. Check out these additional resources on this week’s podcast topics:...
Spain’s unelected socialist government has plans for the Church
“Someone who has never won an election is now prime minister of the government,” said outgoing prime minister Mariano Rajoy, as he turned over his office to the head of the nation’s Socialist Party, Pedro Sánchez. After Rajoy’s center-Right party, the People’s Party, had been caught benefiting from kickbacks, Sánchez called a no-confidence vote. Under Spanish parliamentary laws, instead of calling a new election, the party introducing the no-confidence vote names the prime minister’s successor within the motion. Pedro Sánchez...
Winners of 2018 Mini-Grants on Free Market Economics
The Acton Institute Mini-Grants on Free Market Economics program accepts proposals from faculty members at colleges, seminaries, and universities in the United States and Canada in order to promote the scholarship and teaching of market economics. This program allows for collaboration between faculty from different universities, as well as help future leaders to emerge, strengthen, and expand the existing network of scholars within economics. Entrants may submit proposals in two broad categories: course development and faculty scholarship. Here is plete...
Are Orthodox Christians naturally statists?
A recent study concluded that members of the Eastern Orthodox Church, the second-largest church in Christendom, are likely to support left-wing economic policies. But that does not mean, says Krassen Stanchev in this week’s Acton Commentary, that Orthodox Christians are naturally statists: It is probably true that historically Orthodox countries (the study lumps in believers and non-believers alike) would fall into the group of those supporting greater government intervention in the economy. This has been the case in the last...
6 facts about the brewing U.S.-EU trade war
Late last week, President Donald Trump announced he would impose steel and aluminum tariffs against U.S. allies across the transatlantic sphere. Here are the facts you need to know: President Trump applied a 25 percent tariff on steel and a 10 percent tariff on aluminum against the European Union, as well as NAFTA trade partners Canada and Mexico. The tariffs, originally targeting China in March on the grounds of national security, contained an exemption for U.S. allies. Last Thursday, Trump...
Explainer: What you should know about the Right to Try Act
Last week, Congress passed and the president signed into law the “Right to Try Act,” legislation President Trump had touted in his previous State of the Union address. Here is what you should know about the new law. What is “Right to Try”? Right To Try is the concept that terminally ill Americans should be able to try medicines that have passed Phase 1 of the FDA approval process and remain in clinical trials but are not yet on pharmacy...
Physical capital and diminishing returns
Note: This is post #81 in a weekly video series on basic economics. How did Germany and Japan achieve record economic growth following World War II? A primary reason is physical capital. In this video by Marginal Revolution University, Alex Tabarrok explains two specific concepts that deal with physical capital and the success of Germany and Japan. The first is the iron logic of diminishing returns which states that, for each new input of capital, there is less and less...
6 Quotes: Free Expression, Religious Freedom, and the Masterpiece Cakeshop Ruling
Earlier today the Supreme Court handed down a ruling in Masterpiece Cakeshop v. Colorado Civil Rights Commission, the most important religious freedom case of the year. Despite being a win for the bakery and its owner, Jack Phillips, the future implications of this case for religious liberty are rather narrow in scope. “In this case the adjudication concerned a context that may well be different going forward in the respects noted above,” said the Court. “However later cases raising these...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved