Teodoro Moscoso Quotes
All that Latin America needs is a friendly climate for private enterprise. This view disregards the need for building roads, ports, power plants and communications systems which must be built at least in great part with public funds and which in many areas are a prerequisite for the effective and profitable investment of private capital.
Teodoro Moscoso, U. S. Coordinator, Alliance for Progress, Speech, Detroit Economic Club, April 1, 1963
Sourced by: Eigen's Political and Historical Quotations
During the revolution against apartheid, a number of communist organizations allied themselves with the ANC against the White minority regime. A few of the communist leaders rose and became officials of the ANC. The vast majority of the ANC supported private enterprise with the kind of socialist aspects that were then typical of the Scandinavian countries, Germany and even France. Mandela, before the successful ousting of the Apartheid held a number of communist ideas and principles as the “capitalists” were making money from the apartheid system and there would support the status quo, However, he had a change of heart and mind regarding private enterprise after the successful effort to end white minority rule. He was good to his word, and even after he retired, the ANC and the government maintained pro private enterprise policies.
Mises defines government revenue in such a manner that it always relly belonged to individuals, therefore when government invests in enterprises that accumulate capital via profits, Mises does not consider it capital accumulation. One counterexample of this point is the George Washington Bridge in New York, built in Mises lifetime by Robert Moses of the New York Port Authority. The tolls on the bridge paid off the bondholders who financed much of the initial construction. But then capital started to accumulate at such a rapid rate that Moses was able to build other capital projects ranging from highways to the World Trade Center Buildings with capital constantly accumulated. The New York Port Authority under Moses generated more capital appreciation than any corporation that had been in existence at that point. And he could not even sell stock. However, the Port Authority and a few others were exceptions. Generally government did was unable to accumulate capital in its enterprises.
Although Madison vetoed the Federal bill to improve the national infrastructure, he was very much for the improvements and he said so in this veto message. He, however, did not see the Constitutional authority for the Federal government to appropriate moneys to be spent in the States for infrastructure improvement. He was for a Constitutional Amendment to do so or to make the improvements using State money as New York did building the Erie Canal. Alexander Hamilton, and many of the Congressmen who voted for the bill disagreed (many of whom were also in the Constitutional Convention) and did not see the Constitutional limitation that Madison did. See Hamilton’s Quote 644278. He was particularly concerned that small and less affluent states could not possibly have the skill to design these or the finances to build them. Later President’s and Congresses sided with Hamilton. It would be hard to envision America today of Madison’s view had prevailed.
José Teodoro Moscoso Mora, was a Puerto Rican businessman and politician known as "the architect of Operation Bootstrap".
