“It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public”
Source: The Wealth of Nations (1776), Book I, Chapter XI, Part III, Conclusion of the Chapter, p. 292.
Context: The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it.
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Adam Smith 175
Scottish moral philosopher and political economist 1723–1790Related quotes

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Context: You often hear people speaking as if life was like striving upward toward a mountain peak. That is not so. Life is as if you were traveling a ridge crest. You have the gulf of inefficiency on one side and the gulf of wickedness on the other, and it helps not to have avoided one gulf if you fall into the other. It shall profit us nothing if our people are decent and ineffective. It shall profit us nothing if they are efficient and wicked. In every walk of life, in business, politics; if the need comes, in war; in literature, science, art, in everything, what we need is a sufficient number of men who can work well and who will work with a high ideal. The work can be done in a thousand different ways. Our public life depends primarily not upon the men who occupy public positions for the moment, because they are but an infinitesimal fraction of the whole. Our public life depends upon men who take an active interest in that public life; who are bound to see public affairs honestly and competently managed; but who have the good sense to know what honesty and competency actually mean. And any such man, if he is both sane and high-minded, can be a greater help and strength to any one in public life than you can easily imagine without having had yourselves the experience. It is an immense strength to a public man to know a certain number of people to whom he can appeal for advice and for backing; whose character is so high that baseness would shrink ashamed before them; and who have such good sense that any decent public servant is entirely willing to lay before them every detail of his actions, asking only that they know the facts before they pass final judgment.

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International Journalism Festival http://www.journalismfestival.com/news/heather-brooke-antitrust-legislation-needed-to-keep-the-internet-free/ Interview with Fabio Chiusi, 12 April 2012.
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Letter to A.N. Pleshcheev (October 25, 1888)
Letters

1960, Address at Convention Hall, Philadelphia
Context: Finally, I believe in an America with a government of men devoted solely to the public interests — men of ability and dedication, free from conflict or corruption or other commitment — a responsible government that is efficient and economical, with a balanced budget over the years of the cycle, reducing its debt in prosperous times — a government willing to entrust the people with the facts that they have — not a businessman's government, with business in the saddle, as the late Secretary McKay described this administration of which he was a member — not a labor government, not a farmer's government, not a government of one section of the country or another, but a government of, for and by the people.

Source: (1776), Book I, Chapter XI, Part III, Conclusion of the Chapter, p. 292.

Source: Dictionary of Burning Words of Brilliant Writers (1895), P. 35.