I am firmly opposed to the government entering into any business the major purpose of which is competition with our citizens... for the Federal Government deliberately to go out to build up and expand... a power and manufacturing business is to break down the initiative and enterprise of the American people; it is the destruction of equality of opportunity amongst our people, it is the negation of the ideals upon which our civilization has been based.
About this quote
- What does it mean?
- Government business competing with citizens undermines initiative and violates the ideals of equal opportunity.
- In plain terms
- The government should not compete with private businesses because it hurts freedom and fairness.
- What can you take from it?
- Government competition with private enterprise harms initiative and equality.
Where it applies
Putting it to work
Questions to consider
- When is government involvement in business justified?
Another view
Some public goods require government action regardless of private competition.
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