Benjamin Franklin Fairless Quotes


We know that the only alternative to private competition is government monopoly of enterprise. We know that when government monopolizes production, distribution, and employment, it is no longer the servant of men - it is their master. And, therefore, we know that economic liberty and political liberty are inseparable parts of the same ball of wax - that we must keep them both, or we shall lose them both.


Citations

Fairless, Benjamin F. "Detour Ahead." Vital Speeches of the Day, vol. 16, no. 15, 15 May 1950, p. 467.

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Benjamin Franklin Fairless
Benjamin Franklin Fairless
  • Born: May 3, 1890
  • Died: January 1, 1962
  • Nationality: American
  • Profession: Businessman, Executive

Benjamin Franklin Fairless was an American steel company executive. He was president of a wide range of steel companies during a turbulent and formative period in the American steel industry. His roles included President of Central Alloy Steel from 1928 to 1930; First Vice President of Republic Steel (which had absorbed Central Steel) from 1930 to 1935; President of the Carnegie-Illinois Steel Company from 1935 to 1938; and then President (1938–1955), and later Chief Executive Officer and Chairman of the board of directors (1952–1955) of U.S. Steel, the largest steel corporation in the United States.