But with the slow menace of a glacier, depression came on. No one had any measure of its progress: no one had any plan for stopping it. Everyone tried to get out of the way.
--
Sec IV, Ibid. (of what? The Roosevelt I Knew?)Frances Perkins
» Frances Perkins - all quotes »
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.
William O. Douglas
That there is a common cause, an that it is either what we call material progress or something closely connected with material progress, becomes more than an inference when it is noted that the phenomena we class together and speak of as industrial depression are but intensifications of phenomena which always accompany material progress, and which show themselves more clearly and strongly as material progress goes on. Where the conditions to which material progress everywhere tends are the most fully realized—that is to say, where population is densest, wealth greatest, and the machinery of production and exchange most highly developed — we find the deepest poverty, the sharpest struggle for existence, and the most of enforced idleness.
Henry George
Jesse Jackson is here. I had him on the show. Very interesting and challenging interview. You can ask him anything, but he’s going to say what he wants at the pace that he wants. It's like boxing a glacier. Enjoy that metaphor, by the way, because your grandchildren will have no idea what a glacier is.
Stephen Colbert
Those who can bring themselves to renounce wealth, position and power accruing from a social system based on violence and putting a premium on acquisitiveness, and to identify themselves in some real fashion with the struggle of the masses toward the light, may help in a measure — more, doubtless, by life than by words — to devise a more excellent way, a technique of social progress less crude, brutal, costly and slow than mankind has yet evolved.
A. J. Muste
The history of Western science confirms the aphorism that the great menace to progress is not ignorance but the illusion of knowledge.
Daniel J. Boorstin
Perkins, Frances
Perl, Martin Lewis
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z