Probably the greatest harm done by vast wealth is the harm that we of moderate means do ourselves when we let the vices of envy and hatred enter deep into our own natures. But there is another harm; and it is evident that we should try to do away with that. The great corporations which we have grown to speak of rather loosely as trusts are the creatures of the State, and the State not only has the right to control them, but it is duty bound to control them wherever the need of such control is shown.
About this quote
- What does it mean?
- Roosevelt states that envy and hatred of wealth harm moderate individuals more than wealth itself, and asserts the state must control large corporations.
- In plain terms
- Resenting money hurts you more than having it, and the government should regulate big companies.
- What can you take from it?
- Managing emotions like envy is crucial, and corporations need state oversight.
Where it applies
Putting it to work
Questions to consider
- How should society handle wealth?
- What is the role of government?
Another view
Overregulation could stifle economic growth.
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I can be President of the United States, or I can control Alice. I cannot possibly do both.
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