Lyndon B. Johnson Quotes


This nation, this generation, in this hour has man's first chance to build a Great Society, a place where the meaning of man's life matches the marvels of man's labor.


Citations

Johnson, Lyndon B. "Remarks at the University of Michigan." 22 May 1964. Public Papers of the Presidents of the United States: Lyndon B. Johnson, 1963-64, Book 1, U.S. Government Printing Office, 1965, p. 704.

Related Quotes

In a free-enterprise, private-property system, a corporate executive is an employee of the owners of the business. He has direct responsibility to his employers. That responsibility is to conduct the business in accordance with their desires, which generally will be to make as much money as possible while conforming to their basic rules of the society, both those embodied in law and those embodied in ethical custom... .

Whether blameworthy or not, the use of the cloak of social responsibility, and the nonsense spoken in its name by influential and prestigious businessmen, does clearly harm the foundations of a free society. I have been impressed time and again by the schizophrenic character of many businessmen. They are capable of being extremely far-sighted and clear-headed in matters that are internal to their businesses. They are incredibly short-sighted and muddle-headed in matters that are outside their businesses but affect the possible survival of business in general. This short-sightedness is strikingly exemplified in the calls from many businessmen for wage and price guidelines or controls or income policies. There is nothing that could do more in a brief period to destroy a market system and replace it by a centrally controlled system than effective governmental control of prices and wages.

The short-sightedness is also exemplified in speeches by businessmen on social responsibility. This may gain them kudos in the short run. But it helps to strengthen the already too prevalent view that the pursuit of profits is wicked and immoral and must be curbed and controlled by external forces. Once this view is adopted, the external forces that curb the market will not be the social consciences, however highly developed, of the pontificating executives; it will be the iron fist of Government bureaucrats. Here, as with price and wage controls, businessmen seem to me to reveal a suicidal impulse.


Lyndon B. Johnson
Lyndon B. Johnson
  • Born: August 27, 1908
  • Died: January 22, 1973
  • Nationality: American
  • Profession: President

Lyndon Baines Johnson, often referred to by his initials LBJ, was the 36th president of the United States, in office from 1963 to 1969. He served as the 37th vice president from 1961 to 1963 and assumed the presidency following the assassination of President John F. Kennedy. A Democrat from Texas, Johnson was also a United States representative and later majority leader in the United States Senate. Johnson is one of only four people to have served, at various times, in all four federal elected positions.