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.
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Speech at Providence, Rhode Island (23 August 1902), Presidential Addresses and State Papers (1910), p. 103Theodore Roosevelt
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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 wherever need of such control is shown… [Applause] The immediate necessity in dealing with trusts is to place them under the real, not the nominal, control of some sovereign to which, as its creatures, the trusts owe allegiance, and in whose courts the sovereign's orders may be enforced. In my opinion, this sovereign must be the National Government.
Theodore Roosevelt
And finally remember that nothing harms him who is really a citizen, which does not harm the state; nor yet does anything harm the state which does not harm law [order]; and of these things which are called misfortunes not one harms law. What then does not harm law does not harm either state or citizen.
Marcus Aurelius
The real difficulty is with the vast wealth and power in the hands of the few and the unscrupulous who represent or control capital. Hundreds of laws of Congress and the state legislatures are in the interest of these men and against the interests of workingmen. These need to be exposed and repealed. All laws on corporations, on taxation, on trusts, wills, descent, and the like, need examination and extensive change. This is a government of the people, by the people, and for the people no longer. It is a government of corporations, by corporations, and for corporations. — How is this?
Rutherford B. Hayes
Our interests are at bottom common; in the long run we go up or go down together. Yet more and more it is evident that the state, and if necessary the nation, has got to possess the right of supervision and control as regards the great corporations which are its creatures; particularly as regards the great business combinations which derive a portion of their importance from the existence of some monopolistic tendency. The right should be exercised with caution and self restraint; but it should exist, so that it may be invoked if the need arises.
Theodore Roosevelt
I am not going to enter into this chapter, but you all know that this which is called—I do not much like the name, but I confess I have not a better name—"State Socialism" is what has protected us from revolutionary socialism, which is much a worse thing. Probably a considerable portion of this audience consists of men who live on weekly wages; but I ask you not to rush at the first thing that is offered you, not to believe that because a thing sounds very pleasant—like compulsory reduction, for example, of the hours of labour—do not be quite sure until you have looked round it that it may not end in leaving your condition worse than it found it. I should deplore the advance of State Socialism, though I believe much may be hoped from it. I should regard it as a great disaster, the greatest disaster that could befall this great population, if it did anything to take away your self-reliance, the control of the individual over his own appetites and passions, his own idleness and self-indulgence, and make you look to anything but self-reliance. This, in the long run, would do more harm than good.
John Morley
Roosevelt, Theodore
Rorem, Ned
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