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Drudge Retort: The Other Side of the News
Friday, November 29, 2024

One of the first American socialists to run for office, Wilshire was born rich and got richer before losing it all by self-publishing a socialist magazine.

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Gaylord Wilshire, as he was called, is better remembered today as a real estate developer and pioneer of billboard advertising. He was born rich, got richer, and then went bust, ending his business career in stock fraud and medical quackery. A typical capitalist biography, right? As historian Mark W. Nelson writes, Wilshire was also "a Marxist, a self-described revolutionary socialist, possessed with an inveterate conviction that his economic and political analysis amounted to an objective--indeed thoroughly scientific'--understanding of a historical process."

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