Erik Prince Quotes
We need to privatize whenever possible.
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 mantra was not heard much after the collapse of the ‘smart’ markets in 2008 and the ‘dumb’ governments had to come to the rescue of the economy all over the industrialized world.
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.
Erik Dean Prince is an American businessman, former U.S. Navy SEAL officer, and the founder of the private military company Blackwater USA, now called Academi. He served as Blackwater's CEO until 2009, and as its chairman, until its sale to a group of investors in 2010. Prince heads the private equity firm Frontier Resource Group, and served as chairman of the Hong Kong-listed Frontier Services Group until 2021.