Competition, of course, like all other good things, can be carried to excess. Competition should not extend to fields where it has demonstrably bad social and economic consequences. The exploitation of child labor, the chiseling of workers’ wages, the stretching of workers’ hours, are not necessary, fair or proper methods of competition.

Franklin Delano Roosevelt (1882-1945) American lawyer, politician, statesman, US President (1933-1945)

Message (1938-04-29) to Congress, On Curbing Monopolies
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