Perhaps J. P. Morgan did as a child have very severe feelings of inadequacy, perhaps his father did believe that he would not amount to anything; perhaps this did effect in him an inordinate drive for power for power’s sake. But all this would be quite irrelevant had he been living in a peasant village in India in 1890. If we would understand the very rich we must first understand the economic and political structure of the nation in which they become the very rich.