The fortunes amassed through corporate organization are…
“The fortunes amassed through corporate organization are now so large, and vest such power in those that wield them, as to make it a matter of necessity to give to the sovereign - that is, to the Government, which represents the people as a whole - some effective power of supervision over their corporate use. In order to insure a healthy social and industrial life, every big corporation should be held responsible by, and be accountable to, some sovereign strong enough to control its conduct.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Large corporations wield immense power, so government must supervise to protect society and industry.
In simple terms: Government must control big business for public good.
Key Takeaway
Ensure corporate accountability.
Themes
power
government
responsibility
economics
Mood
concerned
determined
Type
political
ethical
When to use this quote
- policy making
- antitrust enforcement
- public health oversight
- environmental regulation
Key Concepts
regulation
public interest
corporate governance
Questions to Reflect On
- How should governments balance regulation with innovation?
- What mechanisms ensure effective oversight?
A Different Perspective
Corporate power can be curtailed by political inertia.