I think it’s a bold claim because although nobody is saying john d rockafeller broke into a bank and stole money, he has certainly been accused of corrupt (illegal) business practices.
But if we set illegal business practices aside, I still think it’s bold to say the massively wealthy industrialists didn’t do anything wrong because of the case i made in my comment (in short: the inherent immorality of large wealth accumulation).
> By and large they became wealthy because they provided an incredibly valuable new service that catalyzed vast amounts of new economic activity.
What was the new and valuable service consolidating the US oil industry provided? There were oil companies, that was already happening... what value was added by rolling it all into one ball? If you believe in capitalism you would agree that competition is good for an industry, so how is the thing that made rockafeller so rich (consolidation) good for anyone but him?
And i already believe that a lot of what has happened in the last 10-15 years of the internet age is actively bad for our society, no central planning needed - just open eyes.