Business Quote by Joseph Casper Husslein
““It is an entirely false notion that the enormous fortunes of our day are an economic necessity, and that social legislation which would curb them in future and give as many as possible a share in productive ownership is detrimental to the large scales industries required in our time. It is now commonly admitted, in the first place, that such enterprises can readily reach a stage of development when, because of their vastness, they cease to be economic, and when smaller competitive enterprises would be more productive and less wasteful.””
About This Quote
Source Speech: Economic Policy Address, 1914, United States
The quote argues that massive fortunes and large corporations are not essential; smaller, competitive firms can be more productive and less wasteful.
In simple terms: Big fortunes aren’t necessary; smaller firms work better.
Key Takeaway
Support policies that promote smaller, competitive businesses.
Themes
economics
competition
wealth distribution
industrial policy
Mood
critical
analytical
Type
political
economic
When to use this quote
- business regulation
- investment decisions
- public policy debates
- corporate governance
Key Concepts
antitrust
market efficiency
social equity
Questions to Reflect On
- How can we balance the benefits of scale with the need for competition?
- What policies best encourage productive small enterprises?
A Different Perspective
Large firms can achieve economies of scale that smaller firms cannot, which may be needed in certain sectors.
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