“ American enterprise is not free; the man with only a little capital is finding it harder to get into the field, more and more impossible to compete with the big fellow. ”
Woodrow Wilson, The New Freedom (1913). copy citation
| Author | Woodrow Wilson |
|---|---|
| Source | The New Freedom |
| Topic | capital |
| Date | 1913 |
| Language | English |
| Reference | |
| Note | |
| Weblink | http://www.gutenberg.org/files/14811/14811-h/14811-h.htm |
Context
“where there is supposed to be no distinction of class, no distinction of blood, no distinction of social status, but where men win or lose on their merits.
I lay it very close to my own conscience as a public man whether we can any longer stand at our doors and welcome all newcomers upon those terms. American industry is not free, as once it was free; American enterprise is not free; the man with only a little capital is finding it harder to get into the field, more and more impossible to compete with the big fellow. Why? Because the laws of this country do not prevent the strong from crushing the weak. That is the reason, and because the strong have crushed the weak the strong dominate the industry and the economic life of this country.”
source
