Believe Quote by Roger Babson
“Does anyone believe for one moment that the progress we have made would have been possible under bureaucratic control of any government. This country was founded upon the principle of the regulation of private effort, of making rules for the game, and under that system alone can we look for the same success in the future which has been ours in the past. Our position today is the direct result of the free play among our people of private competitive effort.”
About This Quote
Source Speech: Public address, date unknown, United States
Advocates that economic progress stems from private initiative, not government control, and future success depends on continued free competition.
In simple terms: Free market drives progress, not bureaucracy.
Encourage private competition and minimal regulation.
Themes
Mood
Type
When to use this quote
- Entrepreneurship
- policy making
- economic planning
- business development
Key Concepts
Questions to Reflect On
- How can we balance regulation with freedom?
- What safeguards protect against market failures?
Government overreach can stifle innovation and efficiency.