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.
More than the diamond Koh-i-noor, which glitters among their crown jewels, they prize the dull pebble which is wiser than a man, whose poles turn themselves to the poles of the world, and whose axis is parallel to the axis of the world. Now, their toys are steam and galvanism.