Theodore Roosevelt on regulating corporations

http://www.historycommons.org/context.jsp?item=a1907tillmanact

 

There is clearly need of supervision—need to possess the power of regulation of these great corporations through the representatives of the public wherever, as in our own country at the present time, business corporations become so very powerful alike for beneficent work and for work that is not always beneficent. It is idle to say that there is no need for such supervision. There is, and a sufficient warrant for it is to be found in any one of the admitted evils appertaining to them.” Such government controls are rightfully difficult to put in place, Roosevelt says, because of the constitutional guarantees afforded both individuals and corporate entities, and because of the disparity of laws enacted in the various states. However, “I believe that the nation must assume this power of control by legislation; if necessary by constitutional amendment,” he says.

 

Charlie Cooper

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Get Money Out – Maryland (GMOM)

 “We may have democracy, or we may have wealth concentrated in the hands of a few, but we can’t have both.” – Louis Brandeis