It is impossible not to notice how little the proponents of the ideal of competition have to say about honesty, which is the fundamental economic virtue, and how very little they have to say about community, compassion, and mutual help.
Wendell Berry (b. 1934) American farmer, educator, poet, conservationist
Essay (1988), “Economy and Pleasure,” What Are People For? (1990)
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Quotations about:
free market
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Once it is realized that business monopoly in America paralyzes the system of free enterprise on which it is grafted, and is as fatal to those who manipulate it as to the people who suffer beneath its impositions, action by the government to eliminate these artificial restraints will be welcomed by industry throughout the nation.
For idle factories and idle workers profit no man.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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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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The ideal capitalism envisioned by advocates of the free market depends upon social virtues and wise policies that it does not itself generate.
Timothy Snyder (b. 1969) American historian, author
Black Earth: The Holocaust as History and Warning, “Conclusion: Our World” (2015)
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Of course, somehow, these champions of free market, these lovers of the invisible hand, cannot figure out that if people won’t sell you a good or service under the terms you set, free market competition demands that you offer better terms and conditions. It’s as simple as that. If you can’t buy a Porsche for $1.98, that doesn’t mean there’s an automobile shortage.
Peter Greene (contemp.) American teacher, blogger
“Florida’s Teacher Gap Is No Mystery,” Huffington Post (21 Nov 2017)
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In a predatory economy, the rules imagined by the law and economics crowd don’t apply. There’s no market discipline. Predators compete not by following the rules but by breaking them. They take the business-school view of law: Rules are not designed to guide behavior but laid down to define the limits of unpunished conduct. Once one gets close to the line, stepping over it is easy. A predatory economy is criminogenic: It fosters and rewards criminal behavior.
John Kenneth Galbraith (1908-2006) Canadian-American economist, diplomat, author
“The Predator State,” Mother Jones (May/Jun 2006)
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