We wish to control big business so as to secure among other things good wages for the wage-workers and reasonable prices for the consumers. Wherever in any business the prosperity of the businessman is obtained by lowering the wages of his workmen and charging an excessive price to the consumers we wish to interfere and stop such practices. We will not submit to that kind of prosperity any more than we will submit to prosperity obtained by swindling investors or getting unfair advantages over business rivals.
About this quote
- What does it mean?
- Big business should be controlled to ensure fair wages and prices, stopping profiteering at the expense of others.
- In plain terms
- Regulate businesses to keep wages and prices fair.
- What can you take from it?
- Fairness in business requires active intervention against exploitation.
Where it applies
Putting it to work
Questions to consider
- How do you define fair wages?
- Is regulation always necessary?
Another view
Heavy regulation can sometimes hinder economic growth.
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