David Sanford on State Socialism and Compromise with Capitalism

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RevoltSource Economic Struggle Economic Struggle Quotes State Socialism Compromise with Capitalism 16

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Quote #16 on Economic Struggle Quotes >> State Socialism and Compromise with Capitalism

“Even in the eight years of Kennedy Johnson, the regulators often seemed to serve the special interests they are in business to oversee rather than those of the consumer they exist to protect. The best indirect evidence of this is the careers of the regulators, who serve a short hitch in the public service and then take fat jobs in the private sector, usually with companies they have regulated. It goes without saying that tough regulatory agency men make more enemies than friends if they do their job well (a Transportation Secretary should be an unwelcome president of a railroad).”

Source: Hot War on the Consumer, Edited by David Sanford, 1969. Introduction, pages vii-viii.

Hot War on the Consumer, Edited by David Sanford, 1969.

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May 5, 2020; 6:09:19 PM (UTC)
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