Capitalism Quote by Edmund Morris
![“Wall Street billionaires are predicting that Roosevelt-style railroad rate regulation will sooner or later bring about financial catastrophe. [ca. 1906]” quote by Edmund Morris](https://sms4smile.com/quotes/img-quotes/852/edmund-morris-26008_capitalism_wall-street-billionaires-are-predicting_118249.jpg)
““Wall Street billionaires are predicting that Roosevelt-style railroad rate regulation will sooner or later bring about financial catastrophe. [ca. 1906]””
About This Quote
Early 20th‑century billionaires feared that railroad regulation would trigger a financial crisis.
In simple terms: Billionaires predict regulation will cause catastrophe.
Key Takeaway
Economic elites often view regulation as a threat.
Themes
economics
regulation
history
Mood
cautious
analytical
Type
historical commentary
When to use this quote
- policy debates
- financial market analysis
- historical case studies
Key Concepts
political economy
Practical Applications
- Assess regulatory impact with data
Questions to Reflect On
- How do power interests shape policy narratives?
- What evidence supports or refutes such predictions?
A Different Perspective
Predictions can be self‑fulfilling if they influence market behavior.
![“Neither Italian fascism nor German national "socialism" have anything in common with such a [Soviet socialistic] society, primarily because private ownership of factories, plants, lands, banks, means of transportation, etc., remain untouched there, and, therefore, capitalism in Germany and Italy…” quote by Joseph Stalin](https://sms4smile.com/quotes/img-quotes/411/joseph-stalin-1734_capitalism_neither-italian-fascism-nor-german-natio_1430.jpg)
