Leave it to the market
Cry Wolf Quotes
We feel that the new plant should have equipment installed to abate pollution that meets and exceeds the established standards. If I recognize what you are driving at, company XYZ could come out with a piece of equipment that could be extremely expensive that would eliminate all pollution whatsoever and if I were to agree with your question, that would mean that all of your industry would then have to buy that piece of equipment from company XYZ with the basis against all other companies that are producing pollution equipment. I don’t think that is the objective of free enterprise.
It is important to public health, therefore, that Government regulations should not hamstring the medical advances produced by the industry. Disease and death can result from unnecessary delay in permitting a lifesaving drug to reach the public…
Experience with a wartime excess profits tax indicates that it tends to encourage needless and wasteful expenditures. With government bearing 80 to 90 per cent of the cost of business operations, there is little incentive for a corporation to increase the efficiency of its organization.
You are right to be indignant. The fact is the system is not working right. It is not right when we have so many people without jobs... It is not right that we are throwing people out of their houses when we have so many homeless... [Our financial markets are] supposed to allocate capital, manage risks. But they misallocated capital, and they created risk. We are bearing the cost of their misdeeds. There's a system where we've socialized losses and privatized gains. That's not capitalism; that's not a market economy. That's a distorted economy, and if we continue with that... we won't succeed in creating a just economy.
