1900s, First Annual Message to Congress (1901)
Context: The first essential in determining how to deal with the great industrial combinations is knowledge of the facts—publicity. In the interest of the public, the Government should have the right to inspect and examine the workings of the great corporations engaged in interstate business. Publicity is the only sure remedy which we can now invoke. What further remedies are needed in the way of governmental regulation, or taxation, can only be determined after publicity has been obtained, by process of law, and in the course of administration. The first requisite is knowledge, full and complete—knowledge which may be made public to the world. Artificial bodies, such as corporations and joint stock or other associations, depending upon any statutory law for their existence or privileges, should be subject to proper governmental supervision, and full and accurate information as to their operations should be made public regularly at reasonable intervals.
“I take it that the question of employees is only a question of private and corporate economy, and individuals or companies have the right to buy labor where they can get it cheapest. We have a treaty with the Chinese government which should be religiously kept until its provisions are abrogated by the action of the general Government, and I am not prepared to say that it should be abrogated until our great manufacturing and corporate interests are conserved in the matter of labor.”
This politically motivated misattribution was contained in a forged letter circulated during the 1880 presidential campaign. Reported in Paul F. Boller, John George, They Never Said It: A Book of Fake Quotes, Misquotes, and Misleading Attributions (1990), p. 31
Misattributed
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James A. Garfield 129
American politician, 20th President of the United States (i… 1831–1881Related quotes
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March 24, 1966, page 215.
Official Report of Proceedings of the Hong Kong Legislative Council
All You Can Eat: Greed, Lust and the New Capitalism (2001)
The Philippine Star http://www.philstar.com:8080/headlines/667587/government-urged-get-ready-rise-number-unemployed
2011
“Economic Myths and Public Opinion” https://miltonfriedman.hoover.org/friedman_images/Collections/2016c21/AmSpectator_01_1976.pdf, The Alternative: An American Spectator, vol. 9, no. 4, (January 1976) pp. 5-9
Source: The 20th century capitalist revolution. 1954, p. 113-114; as cited in Prashker (1954)
Source: Falling Upward: A Spirituality for the Two Halves of Life