Monopolies

He was opposed to monopolies.

Monopolies are bad.

No single company should have over 10 billion dollars in assets. Now is the time to require the break-up of excessively large companies, in the same way as and for the same reason that Theodore Roosevelt broke up the trusts and monopolies.

The liberals of the nineteen-thirties were diverse, but they had a common vision. They accepted democracy, the free market, and capitalism. However, they thought that unless the market was not corrected or ameliorated, there would be child labor, neglect of the elderly, dangerous and harmful consumer goods, monopolies squeezing people out of business and forcing down wages — in short, there would be the horror of Great Britain's Industrial Revolution before the British began passing social legislation.