"The history books say that during the Progressive era, government trustbusters reined in business. Nonsense. Progressive 'reforms' -- railroad regulation, meat inspection, drug certification and the rest -- were done at the behest of big companies that wanted competition managed. They knew regulation would burden smaller companies more than themselves. The strategy works."

By: | 
John Stossel (more quotes by John Stossel or books by/about John Stossel) |

| 
(1947-) American consumer reporter, investigative journalist, author and columnist |

Categories: | 
History, Progressive, Government, Business, Reform, Regulation, Centralization, Bureaucracy, Competition, Corruption, Socialism, Capitalism |

Rating: | 
  |