Price Controls Quotes
All the objections that Coolidge had in his veto message, were not convincing to modern Presidents and members of Congress as well as well the American people. Our Agricultural policy has had all these elements for years now.
Lev Davidovich Bronstein. Before the Russian Revolution large factories did not have to be very efficient as the labor was paid so little. After the Revolution, the workers were paid more and the inefficient procedures became even more disorganized with the workers in control for the first time without any management experience. At the same time, the small privately owned manufacturing businesses were making a profit with no help from the government. This was an embarrassment that the Communists eventually solved by shutting down the private businesses that were such an embarrassment. Russian manufacturing was never world class and efficient under the Soviets even after the post Revolution crises.
Collection of Spoken Words of the Prophet. Ironically, despite the reverence with which words of the Hadith are accorded in Islam, from time to time Muslim theologians and authorities have attempted to establish “fair prices” despite this free market view of the Prophet.
After the Korean War there was a complex web of economic controls in place. Treasury Secretary George M. Humphrey led the cabinet faction urging rapid removal of the controls while others argued the opposite position. The President went along with his Treasury Secretary:
Historically, these were not countries like Egypt, Tunisia, Morocco or Iran. They were created artificially by the European powers in the 20th century.
Most companies in a capitalistic system compete mightily to obtain monopolistic positions so they can avoid capitalistic competition thereafter.
This is a very interesting quotation in that right wing parties are usually opposed to any kind of Government ownership and control of business and industry. However, Fascist parties have usually wanted to commandeer business and industry for the central purposes of the dictatorial state. The French National Front Party had its roots in the WWII French Vichy Government—which was allied with the Nazis to bring Fascism and racism to France.
To the modern reader utterances such as this from a Conservative Prime Minister seem astounding. However, the Great Depression existed in Canada as well as the United States, and Franklin Delano Roosevelt was not the only world leader who would reach the conclusion that business and capitalism must be profoundly regulated and the system changed if it was to be saved.
