"The object of this new American industrial empire, so far as that object was conscious and normative, was not national well-being, but the individual gain of the associated and corporate monarchs through the power of vast profit on enormous capital investment; through the efficiency of an industrial machine that bought the highest managerial and engineering talent and used the latest and most effective methods and machines in a field of unequaled raw material and endless market demand. That this machine might use the profit for the general weal was possible and in cases true. But the uplift and well-being of the mass of men, of the cohorts of common labor, was not its ideal or excuse. Profit, income, uncontrolled power in My Business for My Property and for Me—this was the aim and method of the new monarchial dictatorship that displaced democracy in the United States in 1876."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
W. E. B. Du Bois, Black Reconstruction in America, 1860-1880 (1935), p. 586
https://en.wikiquote.org/wiki/Economy_of_the_United_States
Revision History
No revisions have been submitted for this quote.
Categories
Economy of the United States
26 quotes on TrueQuotesView all quotes by Economy of the United States →
Related Quotes
"The blood, sweat, tears, and suffering of Black people are the foundations of the wealth and power of the United Stat…"
"Solving this issue is going to require cooperation between the private sector, including rail and trucking, ports and…"
"As institutions influence behavior and incentives in real life, they forge the success or failure of nations. Individ…"
"Banks are the temples of America. This is a holy war. Our economy is our religion."
"When the economy falls over, we won’t be jellyfish. We’ll still have backbones and teeth, white teeth, and double sta…"
"Only "America," of all national designations, took on the combined force of eschatology and chauvinism. Many forms of…"
"[T]he stakes for America are never small. If our country does not lead the cause of freedom, it will not be led. If w…"
"The story of neoliberalism is quite familiar to the millions across the USA whose lives have been ravaged by the "," …"
"[T]he chief business of the American people is business. They are profoundly concerned with producing, buying, sellin…"
"The U.S. economy was organized differently from the New Deal until 1973. As incomplete, uneven, and racist as it was,…"