Discussion about this post

User's avatar
JakeH's avatar

"Chicago historian and journalist Cate Plys makes the point on this week’s episode of 'The Mincing Rascals' podcast that, by rights, the Museum of Science and Industry should have been named for philanthropist Julius Rosenwald who founded the museum by giving the equivalent of slightly more than $125 million in today’s money to the project prior to its opening in 1933, but Rosenwald declined the honor."

Which is typical of him, American history's coolest tycoon, probably by far. He turned Sears into the Amazon of its day, funded the creation of thousands of schools for Black children in the segregated South, "Rosenwald schools," funded the construction of affordable housing for Black migrants to Chicago, funded the establishment of Black YMCAs, and founded the MSI.

But the best reason to admire this guy may be what he said here: "Most people are of the opinion that because a man has made a fortune that his opinions on any subject are valuable. For my part, I always believe most large fortunes are made by men of mediocre ability who tumbled into a lucky opportunity and couldn’t help but get rich and that others, given the same chance, would have done far better with it." Can you imagine any modern tech baron or financier uttering those words? I can't. (And, indeed, it was highly unusual for the time. Most were some variety of asshole, then as now.)

Wikipedia goes on to say: "Thus, although Julius Rosenwald is one of Chicago's most admired Jewish businessmen, he maintained a low profile throughout his life. He refused to be the source of biographies and did not want his name to be affixed on buildings or institutions. He even insisted that his generous philanthropic contributions be matched by others so that he would not be credited with the title of 'sole donor'."

There's a very nice documentary about him: https://rosenwaldfilm.org/

Expand full comment
Connell's avatar

Johnsons reminds me of some over educated, under skilled dork that got a big promotion at work and becomes the boss. All the people under him know he doesn't know what he's doing, he knows he doesn't know what he's doing, but eventually he looks in the mirror and says, "Well, they gave me this job, I must have earned it", and carries on. I hope he gets better, but it seems his answer to everything is raise taxes. I never hear him say let's attract new businesses and get more taxes that way, but then again, just read my first two sentences. The fact that Johnson and all his cronies are paid by the taxpayers may explain his lack of business sense which is a real negative for the city.

Expand full comment
64 more comments...

No posts