George Monbiot Quotes
We are often told that curtailing the freedom of business is coercive and undemocratic. But by what democratic principle should corporations and billionaires decide the fate of current and future generations? When a government releases them from regulation, it allows them to determine whether other people live or die.
Monbiot, George. The Guardian, 2019.
The President had decided to aggressively push for railroad regulation to end the rate rebate abuses that were used to support the monopolies like Standard Oil. In vintage Roosevelt tactics, he gave his first major speech on the subject in the setting and forum that would be most opposed to it. The Union League Club of Philadelphia in included the wealthiest men in the area where were most opposed to any Federal Regulation of anything. All the major railroad executives and stock owners and traders were also members. The President wanted to persuade the opponents to change their positions, and sometimes he did. He also was driven by his concept of sports and athletics so that the “opposition” should have “fair notice” for the contest ahead.
The “rebate agony” referred to a corrupt practice of the Railroads and the Large Monopolies. The railroads charged a very high rate for the transportation of important products like beef and oil. However, secretly they gave back a large percentage of the transportation rate charged to the trusts. They in turn could cut their prices and undersell all the smaller competitors who were paying “full freight” and could not afford to match the lower price. As soon as the smaller competitors were driven out of business in an area, the trust raised its rates even higher than they charged originally. The Railroad had made a small but reasonable profit on the freight of the trusts but they were guaranteed all their business. They also made huge profits on the higher rates that the small companies paid until those companies were driven out of business. Journalists like Ray Baker and Ida Tarbell had uncovered the rebate scheme which enabled the trusts to steal high amounts from the general public through unreasonably high prices. President Theodore Roosevelt was committed to try and regulate the railroads and not allow rebates but charge the same public rate to all with no rebates. Socialists like Sinclair, thought that this attempt would be hopeless—that the damage had already been done, and the trusts now had so much money that they could buy state legislatures and many in Congress to preserve their dominance.
George Joshua Richard Monbiot is a British writer known for his environmental and political activism. He writes a weekly column for The Guardian, and is the author of a number of books, including Captive State: The Corporate Takeover of Britain (2000), Feral: Searching for Enchantment on the Frontiers of Rewilding (2013) and Out of the Wreckage: A New Politics in the Age of Crisis (2017). He is the founder of The Land is Ours, a campaign for the right of access to the countryside and its resources in the United Kingdom.