In the industrial age of the mid-20th century, tycoons became tycoons because they saw the big picture and could assess opportunities and risks. During World War II when Sweden stayed neutral, the industrial magnates and brothers Marcus and Jacob Wallenberg ran their businesses while also acting as official trade emissaries. The brothers were well-traveled and understood the fundamental dynamics of world trade and industry. Jacob negotiated with the Germans and Marcus with the Allies.
Continue reading Russia’s Industry and Economy Can’t Sustain the War Effort
