Tuesday, November 01, 2011

Today -100: November 1, 1911: Of trusts

Taft defends the anti-trust laws: “I would cut my hand off before I would injure business. ... [But] Only one course is open. Either we will have individualism or we will have combinations in restraint of trade going to that point where the people will demand that the power of men engaged in such corporations be transferred to the Government. And then we will have State Socialism.”

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