James Edward Hanson Quotes
The best thing that governments can do is get out of business. When governments interfere less, managers can do their jobs better.
James Edward Hanson, [Baron Hanson], Chairman, Hanson PLC [England], U.S. News & World Report, June 20, 1988
Sourced by: Eigen's Political and Historical Quotations
This Republican mantra has been central for the Republicans for the entire century after Theodore Roosevelt who thought that business had to be regulated and controlled. The same basic speech has been given by conservative Republicans ever since.
The first part of this quotation has defined the attitude of most Americans towards private enterprise and government since then. The second part of the quotation—the undesirability of public ownership of railroads has given way to the modern problem that no passenger railroad can be operated profitably by anyone—private or public. So Roosevelt’s “far-reaching disaster” was finally complete with the Federal Government taking over responsibility for Amtrack.
The socialist extremists wanted the state to own all the major businesses which would be operated without a profit allowing more money to be paid to the workers without any price increase for the consumer. Yet, many of them wanted the innovation and other virtues of the private sector and few were ready to take on the political chaos that would be involved in eliminating private ownership of businesses. Crosland forced them to logically accept the concept of profits as desirable for the society.
James Edward, Baron Hanson was an English Conservative industrialist who built his businesses through the process of leveraged buyouts through Hanson plc.