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There are good people who, being discontented with present-day conditions, think that these conditions can be cured by a return to what they call the “principles of the fathers.” But to go back to the governmental theories of a hundred years ago would accomplish nothing whatever; for it was under the conditions of unrestricted individualism and freedom from Government interference, countenanced by those theories, that the trusts grew up, and private fortunes, enormous far beyond the deserts of the accumulators were gathered. It may be that, in the past development of our country, complete freedom from all restrictions, and the consequent unlimited encouragement and reward given to the most successful industrial leaders, played a part in which the benefits outweighed the disadvantages. But nowadays such is not the case. (en) |
