“I believe in property rights, but I believe in them as adjuncts to, and not as substitutes for human rights. I believe that normally the rights of property coincide with the rights of man; but where they do not, then the rights of man must be; put above the rights of property. I believe in shaping the ends of government to protect property; but wherever the alternative must be faced, I am for man and not for property. I am far from underestimating the importance of dividends, but I rank dividends below human character. I know well that if there is not sufficient prosperity the people will in the end rebel against any system, no matter how exalted morally; and reformers must not bring upon the people permanent economic ruin, or the reforms themselves will go down in the ruin.”

1910s, The Progressives, Past and Present (1910)

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Theodore Roosevelt 445
American politician, 26th president of the United States 1858–1919

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Context: I believe in shaping the ends of government to protect property as well as human welfare. Normally, and in the long run, the ends are the same; but whenever the alternative must be faced, I am for men and not for property, as you were in the Civil War. I am far from underestimating the importance of dividends; but I rank dividends below human character. Again, I do not have any sympathy with the reformer who says he does not care for dividends. Of course, economic welfare is necessary, for a man must pull his own weight and be able to support his family. I know well that the reformers must not bring upon the people economic ruin, or the reforms themselves will go down in the ruin. But we must be ready to face temporary disaster, whether or not brought on by those who will war against us to the knife. Those who oppose reform will do well to remember that ruin in its worst form is inevitable if our national life brings us nothing better than swollen fortunes for the few and the triumph in both politics and business of a sordid and selfish materialism.

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