"On the other hand, it is equally true that the prosperity of any of can be best attained by measures that will promote the prosperity of all. The poorest motto upon which America can act is the motto of "Some men down," and the safest to follow is that of "All men up." A good deal can and ought to be done by law. For instance, the state and, if necessary, the nation should by law assume ample power of supervising and regulating acts of any corporation (which can be but its creature), and generally of those immense business enterprises which exist only because of the safety and protection to property guaranteed by our system of government. Yet it is equally true that, while this power should exist, it should be used sparingly and with self restraint."
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The Strenuous Life: Essays and Addresses
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