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Can you understand the soul of a man who never hesitated to take steps that would have the effect of hoodwinking people, who would use every trick of the markets to mislead, and who was at the same time scrupulous never to utter a direct lie on the most insignificant matter? Manderson was like that, and he was not the only one. I suppose you might compare the state of mind to that of a soldier who is personally a truthful man, but who will stick at nothing to deceive the enemy. The rules of the game allow it; and the same may be said of business as many business men regard it. Only with them it is always wartime.
--
Chapter XV: "Double Cunning"

 

Edmund Clerihew Bentley

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The large corporations, commonly called trusts, though organized in one State, always do business in many States, often doing very little business in the State where they are incorporated. There is utter lack of uniformity in the State laws about them; and as no State has any exclusive interest in or power over their acts, it has in practice proved impossible to get adequate regulation through State action. Therefore, in the interest of the whole people, the Nation should, without interfering with the power of the States in the matter itself, also assume power of supervision and regulation over all corporations doing an interstate business. This is especially true where the corporation derives a portion of its wealth from the existence of some monopolistic element or tendency in its business. There would be no hardship in such supervision; banks are subject to it, and in their case it is now accepted as a simple matter of course. Indeed, it is probable that supervision of corporations by the National Government need not go so far as is now the case with the supervision exercised over them by so conservative a State as Massachusetts, in order to produce excellent results. When the Constitution was adopted, at the end of the eighteenth century, no human wisdom could foretell the sweeping changes, alike in industrial and political conditions, which were to take place by the beginning of the twentieth century. At that time it was accepted as a matter of course that the several States were the proper authorities to regulate, so far as was then necessary, the comparatively insignificant and strictly localized corporate bodies of the day. The conditions are now wholly different and wholly different action is called for. I believe that a law can be framed which will enable the National Government to exercise control along the lines above indicated; profiting by the experience gained through the passage and administration of the Interstate-Commerce Act. If, however, the judgment of the Congress is that it lacks the constitutional power to pass such an act, then a constitutional amendment should be submitted to confer the power.

 

Theodore Roosevelt

 

It is a matter of course and of absolute necessity to the conduct of business, that any discretionary businessman must be free to deal or not to deal in any given case; to limit or withhold the equipment under his control, without reservation. Business discretion and business strategy, in fact, has no other means by to work out its aims. So that, in effect, all business sagacity reduces itself in the last analysis to judicious use of sabotage.

 

Thorstein Veblen

 

Soldiers defending a country at war are not subject to the rules of procedure designed for court trials. For example, if a soldier encounters an enemy, under internationally agreed upon rules of war, that soldier can take whatever action is necessary to protect himself and neutralize his enemy, whether it involves capturing and detaining the enemy or killing him on the spot.

 

John Ashcroft

 

Falsehood is a recognized and extremely useful weapon in warfare, and every country uses it quite deliberately to deceive its own people, to attract neutrals, and to mislead the enemy. The ignorant and innocent masses in each country are unaware at the time that they are being misled, and when it is all over only here and there are the falsehoods discovered and exposed. As it is all past history and the desired effect has been produced by the stories and statements, no one troubles to investigate the facts and establish the truth.

 

Arthur Ponsonby

 

It is an axiom in my mind, that our liberty can never be safe but in the hands of the people themselves, and that too of the people with a certain degree of instruction. This it is the business of the State to effect, and on a general plan.

 

Thomas Jefferson