American people Quote by Herbert Hoover
“I am firmly opposed to the government entering into any business the major purpose of which is competition with our citizens... for the Federal Government deliberately to go out to build up and expand... a power and manufacturing business is to break down the initiative and enterprise of the American people; it is the destruction of equality of opportunity amongst our people, it is the negation of the ideals upon which our civilization has been based.”
About This Quote
Source Speech: Presidential Address, Herbert Hoover, 1932
Government involvement in business undermines competition, stifles initiative, and erodes equality of opportunity.
In simple terms: Government business interference harms competition.
Key Takeaway
Advocate for limited government in markets.
Themes
politics
economics
freedom
competition
equality
Mood
critical
historical
Type
analytical
political
When to use this quote
- legislative debates
- entrepreneurship
- market regulation
Key Concepts
capitalism
public policy
anti‑monopoly
Questions to Reflect On
- What balance protects both innovation and public welfare?
- How can competition thrive without abuse?
A Different Perspective
Over‑regulation can also protect consumers.
