„We have here the problem of bigness. Its lesson should by now have been burned into our memory by Brandeis. The Curse of Bigness' shows how size can become a menace – both industrial and social. It can be an industrial menace because it creates gross inequalities against existing or putative competitors. It can be a social menace – because of its control of prices. Control of prices in the steel industry is powerful leverage on our economy. For the price of steel determines the price of hundreds of other articles. Our price level determines in large measure whether we have prosperity or depression – an economy of abundance or scarcity. Size in steel should therefore be jealously watched. In final analysis, size in steel is the measure of the power of a handful of men over our economy. That power can be utilized with lightning speed. It can be benign or it can be dangerous. The philosophy of the Sherman Act is that it should not exist. For all power tends to develop into a government in itself. Power that controls the economy should be in the hands of elected representatives of the people, not in the hands of an industrial oligarchy. Industrial power should be decentralized. It should be scattered into many hands so that the fortunes of the people will not be dependent on the whim or caprice, the political prejudices, the emotional stability of a few self-appointed men. The fact that they are not vicious men but respectable and social minded is irrelevant. That is the philosophy and the command of the Sherman Act. It is founded on a theory of hostility to the concentration in private hands of power so great that only a government of the people should have it.“

Dissenting, United States v. Columbia Steel Co., 334 U.S. 495 (1948)
Judicial opinions

William O. Douglas photo
William O. Douglas
1898 - 1980

Citações relacionadas

Harold Macmillan photo
Michael Moorcock photo
Milton Friedman photo

„Our minds tell us, and history confirms, that the great threat to freedom is the concentration of power. Government is necessary to preserve our freedom, it is an instrument through which we can exercise our freedom; yet by concentrating power in political hands, it is also a threat to freedom. Even though the men who wield this power initially be of good will and even though they be not corrupted by the power they exercise, the power will both attract and form men of a different stamp.“

—  Milton Friedman, livro Capitalism and Freedom

Introduction
Capitalism and Freedom (1962)
Contexto: The free man will ask neither what his country can do for him nor what he can do for his country. He will ask rather "What can I and my compatriots do through government" to help us discharge our individual responsibilities, to achieve our several goals and purposes, and above all, to protect our freedom? And he will accompany this question with another: How can we keep the government we create from becoming a Frankenstein that will destroy the very freedom we establish it to protect? Freedom is a rare and delicate plant. Our minds tell us, and history confirms, that the great threat to freedom is the concentration of power. Government is necessary to preserve our freedom, it is an instrument through which we can exercise our freedom; yet by concentrating power in political hands, it is also a threat to freedom. Even though the men who wield this power initially be of good will and even though they be not corrupted by the power they exercise, the power will both attract and form men of a different stamp.

Benoît Mandelbrot photo

„So limited is our knowledge that we resort, not to science, but to shamans. We place control of the world's largest economy in the hands of a few elderly men, the central bankers.“

—  Benoît Mandelbrot Polish-born, French and American mathematician 1924 - 2010

Fonte: The (Mis)Behavior of Markets (2004, 2008), Ch. 13, p. 254–255
Contexto: It is beyond belief that we know so little about how people get rich or poor, about how it is they come to dwell in comfort and health or die in penury and disease. Financial markets are the machines in which much of human welfare is decided; yet we know more about how our car engines work than about how our global financial system functions. We lurch from crisis to crisis. In a networked world, mayhem in one market spreads instantaneously to all others—and we have only the vaguest of notions how this happens, or how to regulate it. So limited is our knowledge that we resort, not to science, but to shamans. We place control of the world's largest economy in the hands of a few elderly men, the central bankers.

Woodrow Wilson photo

„I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world: no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.“

—  Woodrow Wilson American politician, 28th president of the United States (in office from 1913 to 1921) 1856 - 1924

Attributed in Shadow Kings (2005) by Mark Hill, p. 91; This and similar remarks are presented on the internet and elsewhere as an expression of regret for creating the Federal Reserve. The quotation appears to be fabricated from out-of-context remarks Wilson made on separate occasions:

I have ruined my country.

Attributed by Curtis Dall in FDR: My Exploited Father-in-Law, regarding Wilson's break with Edward M. House: "Wilson … evidenced similar remorse as he approached his end. Finally he said, 'I am a most unhappy man. Unwittingly I have ruined my country.'"

A great industrial nation is controlled by its system of credit.…

"Monopoly, Or Opportunity?" (1912), criticizing the credit situation before the Federal Reserve was created, in The New Freedom (1913), p. 185

We have come to be one of the worst ruled… Governments….

"Benevolence, Or Justice?" (1912), also in The New Freedom (1913), p. 201

The quotation has been analyzed in Andrew Leonard (2007-12-21), " The Unhappiness of Woodrow Wilson https://www.salon.com/2007/12/21/woodrow_wilson_federal_reserve/" Salon:

I can tell you categorically that this is not a statement of regret for having created the Federal Reserve. Wilson never had any regrets for having done that. It was an accomplishment in which he took great pride.

John M. Cooper, professor of history and author of several books on Wilson, as quoted by Andrew Leonard
Misattributed

Wendell Berry photo

„If you can control a people’s economy, you don’t need to worry about its politics; its politics have become irrelevant.“

—  Wendell Berry author 1934

"Conserving Forest Communities".
Another Turn of the Crank (1996)
Contexto: By this time, the era of cut-and-run economics ought to be finished. Such an economy cannot be rationally defended or even apologized for. The proofs of its immense folly, heartlessness, and destructiveness are everywhere. Its failure as a way of dealing with the natural world and human society can no longer be sanely denied. That this economic system persists and grows larger and stronger in spite of its evident failure has nothing to do with rationality or, for that matter, with evidence. It persists because, embodied now in multinational corporations, it has discovered a terrifying truth: If you can control a people’s economy, you don’t need to worry about its politics; its politics have become irrelevant. If you control people’s choices as to whether or not they will work, and where they will work, and what they will do, and how well they will do it, and what they will eat and wear, and the genetic makeup of their crops and animals, and what they will do for amusement, then why should you worry about freedom of speech? In a totalitarian economy, any "political liberties" that the people might retain would simply cease to matter. If, as is often the case already, nobody can be elected who is not wealthy, and if nobody can be wealthy without dependence on the corporate economy, then what is your vote worth? The citizen thus becomes an economic subject.

Heather Brooke photo
Samuel R. Delany photo

„A lesson which history should have taught us thousands of years ago was finally driven home. No man can wield absolute power over other men and still retain his own mind.“

—  Samuel R. Delany, livro The Jewels of Aptor

Fonte: The Jewels of Aptor (1962), Chapter X (p. 133)
Contexto: A lesson which history should have taught us thousands of years ago was finally driven home. No man can wield absolute power over other men and still retain his own mind. For no matter how good his intentions are when he takes up the power, his alternate reason is that freedom, the freedom of other people and ultimately his own, terrifies him. Only a man afraid of freedom would want this power, who could conceive of wielding it. And that fear of freedom will turn him into a slave of this power.

„The more complex our economy, the more we should rely on the miraculous, self-adapting processes of men acting freely. No mind of man nor any combination of minds can even envision, let alone intelligently control, the countless human energy exchanges in a simple society, to say nothing of a complex one.“

—  Leonard E. Read American academic 1898 - 1983

The More Complex the Society, the More Government Control We Need https://books.google.com/books?id=W3MuCgAAQBAJ&pg=PT18&lpg=PT18&dq=The+more+complex+our+economy,+the+more+we+should+rely+on+the+miraculous,+self-adapting+processes+of+men+acting+freely.+No+mind+of+man+nor+any+combination+of+minds+can+even+envision,+let+alone+intelligently+control,+the+countless+human+energy+exchanges+in+a+simple+society,+to+say+nothing+of+a+complex+one.&source=bl&ots=OZxiANz5bm&sig=QP-xiNhoDNxDDMB1mcR25NuqEl4&hl=en&sa=X&ved=0ahUKEwiq04eE9_LTAhVMKyYKHWh_BGEQ6AEIKjAB#v=onepage&q=The%20more%20complex%20our%20economy%2C%20the%20more%20we%20should%20rely%20on%20the%20miraculous%2C%20self-adapting%20processes%20of%20men%20acting%20freely.%20No%20mind%20of%20man%20nor%20any%20combination%20of%20minds%20can%20even%20envision%2C%20let%20alone%20intelligently%20control%2C%20the%20countless%20human%20energy%20exchanges%20in%20a%20simple%20society%2C%20to%20say%20nothing%20of%20a%20complex%20one.&f=false
Excuse Me, Professor: Challenging the Myths of Progressivism

Ozzy Osbourne photo

„Dreams that men can be good,
Faith to live as we should and know we're all connected,
We give ourselves the power“

—  Ozzy Osbourne English heavy metal vocalist and songwriter 1948

Life Won't Wait, written by Ozzy Osbourne and Kevin Churko.
Song lyrics, Scream (2010)

Hans Morgenthau photo
Khem Veasna photo
Alfred P. Sloan photo

„You of course appreciate that this industry of ours the automotive industry is today the greatest in the world. Three or four years ago it passed, in volume, steel and steel products, the next largest industry. This means, expressed otherwise, that upon its prosperity depends the prosperity of many millions of our citizens and the degree to which it has become stabilized in turn has a tremendous influence on the stabilization of industry as a whole, and therefore on the prosperity and happiness of still many more of our citizens. Directly and indirectly, this industry distributes hundreds of millions of dollars annually to those who are connected with it, in one way or another, as workers. It also distributes hundreds of millions of dollars in the aggregate to those who have invested in its securities. The purchasing power of this total aggregation, as you must appreciate, is tremendous.
I believe that if you questioned many of your readers as to the present position of the automotive industry, they would tell you that it is growing by leaps and bounds. I believe further you would sense uncertainty as to what is going to happen in the industry when the so-called state of saturation is reached. I do not know whether you appreciate it or not, but the industry has not grown very much during the past three or four years. It is practically stabilized at the present time.“

—  Alfred P. Sloan American businessman 1875 - 1966

p. 331-2: Speech by President Alfred P. Sloan, Jr., delivered to representatives of the automotive press at the Proving Ground on September 28, 1927.

John Marshall photo

„In the Legislature of the Union alone are all represented. The Legislature of the Union alone, therefore, can be trusted by the people with the power of controlling measures which concern all, in the confidence that it will not be abused.“

—  John Marshall fourth Chief Justice of the United States 1755 - 1835

17 U.S. (4 Wheaton) 316, 431
McCulloch v. Maryland (1819)
Contexto: The power to create [a bank] implies the power to preserve [it]... That the power to tax involves the power to destroy; that the power to destroy may defeat and render useless the power to create; that there is a plain repugnance in conferring on one Government a power to control the constitutional measures of another, which other, with respect to those very measures, is declared to be supreme over that which exerts the control, are propositions not to be denied. But all inconsistencies are to be reconciled by the magic of the word CONFIDENCE. Taxation, it is said, does not necessarily and unavoidably destroy. To carry it to the excess of destruction would be an abuse, to presume which would banish that confidence which is essential to all Government. But is this a case of confidence? Would the people of any one State trust those of another with a power to control the most insignificant operations of their State Government? We know they would not. Why, then, should we suppose that the people of any one State should be willing to trust those of another with a power to control the operations of a Government to which they have confided their most important and most valuable interests? In the Legislature of the Union alone are all represented. The Legislature of the Union alone, therefore, can be trusted by the people with the power of controlling measures which concern all, in the confidence that it will not be abused. This, then, is not a case of confidence, and we must consider it is as it really is.

Theodore Roosevelt photo

„The greatest evils in our industrial system to-day are those which rise from the abuses of aggregated wealth; and our great problem is to overcome these evils and cut out these abuses. No one man can deal with this matter. It is the affair of the people as a whole. When aggregated wealth demands what is unfair, its immense power can be met only by the still greater power of the people as a whole, exerted in the only way it can be exerted, through the Government“

—  Theodore Roosevelt American politician, 26th president of the United States 1858 - 1919

1910s, The Progressives, Past and Present (1910)
Contexto: The greatest evils in our industrial system to-day are those which rise from the abuses of aggregated wealth; and our great problem is to overcome these evils and cut out these abuses. No one man can deal with this matter. It is the affair of the people as a whole. When aggregated wealth demands what is unfair, its immense power can be met only by the still greater power of the people as a whole, exerted in the only way it can be exerted, through the Government; and we must be resolutely prepared to use the power of the Government to any needed extent, even though it be necessary to tread paths which are yet untrod. The complete change in economic conditions means that governmental methods never yet resorted to may have to be employed in order to deal with them. We can not tolerate anything approaching a monopoly, especially in the necessaries of life, except on terms of such thoroughgoing governmental control as will absolutely safe guard every right of the public. Moreover, one of the most sinister manifestations of great corporate wealth during recent years has been its tendency to interfere and dominate in politics.

Calvin Coolidge photo
John Marshall photo

„Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Etiam egestas wisi a erat. Morbi imperdiet, mauris ac auctor dictum.“