Presidential addresses and state papers, Volume 2 (of 7)Roosevelt, Theodore
History
Presidential addresses and state papers, Volume 2 (of 7)
Roosevelt, Theodore
Roosevelt, Theodore, 1858-1919; United States -- Politics and government -- 1901-1909
The machinery of modern business is so vast and complicated that great
caution must be exercised in introducing radical changes for fear
the unforeseen effects may take the shape of widespread disaster.
Moreover, much that is complained about is not really the abuse so
much as the inevitable development of our modern industrial life.
We have moved far away from the old simple days when each community
transacted almost all its work for itself and relied upon outsiders
for but a fraction of the necessaries, and for not a very large
portion even of the luxuries, of life. Very many of the anti-trust
laws which have made their appearance on the statute books of recent
years have been almost or absolutely ineffective because they have
blinked the all-important fact that much of what they thought to do
away with was incidental to modern industrial conditions, and could
not be eliminated unless we were willing to turn back the wheels of
modern progress by also eliminating the forces which had brought
about these industrial conditions. Not only trusts, but the immense
importance of machinery, the congestion of city life, the capacity
to make large fortunes by speculative enterprises, and many other
features of modern existence could be thoroughly changed by doing away
with steam and electricity; but the most ardent denouncer of trusts
would hesitate to advocate so drastic a remedy. What remains for us
to do, as practical men, is to look the conditions squarely in the
face and not to permit the emotional side of the question, which has
its proper place, to blind us to the fact that there are other sides.
We must set about finding out what the real abuses are, with their
causes, and to what extent remedies can be applied.
Public-domain text, read in full here on John Shaqi.
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