In order to come to such an understanding, the author, Burton W. Folsom, Jr. had to completely ignore the processes of wealth creation and focus solely on the processes of wealth accumulation. His blinders caused him to see the apex of the pyramid with the remainder shrouded in a fog of delusion.
Folsom's tribute to the plutocracy is not without merit. It shows us why some people value capital accumulation and the people who have exceeded in the Rat Race. It also shows us how competing plutocrats use the tools of governance and deception to accomplish their ends. By looking at the way Folsom ignores the loose cannon aspects of the policies of a plutocrat such as James Jerome Hill, we can come to an understanding of the essential distinction between a Left-Libertarian and a Right-Libertarian.
What is wealth? How is wealth created? How is wealth destroyed? How is wealth preserved? Who is ultimately responsible for managing the wealth of any given nation?