"Where there is absolute lawlessness, absolute failure by the state to control or supervise these great corporations, the inevitable result is to favor, among these very able men of business, the man who is unscrupulous and cunning. The unscrupulous big man who gets complete control of a given forest tract, or of a network of railways which alone give access to a certain region, or who, in combination with his fellows, acquires control of a certain industry, may crush out in the great mass of citizens affected all individual initiative quite as much as it would be crushed out by state control. The very reason why we object to state ownership, that it puts a stop to individual initiative and to the healthy development of personal responsibility, is the reason why we object to an unsupervised, unchecked monopolistic control in private hands. We urge control and supervision by the nation as an antidote to the movement for state socialism. Those who advocate total lack of regulation, those who advocate lawlessness in the business world, themselves give the strongest impulse to what I believe would be the deadening movement toward unadulterated state socialism."