Free Enterprise Doesn't Square with Protection
Nadler, Paul S., American Banker
There is a common attitude that has helped create our recent financial troubles: "I believe in free enterprise. just keep out the lousy competition."
Bankers say, "I believe in free enterprise, but don't let the thrifts diversify."
Thrifts say, "I believe in free enterprise, but the quarter-percent differential under Regulation Q was written in Genesis."
Business say, "I believe in free enterprise, but keep out the imports."
Labor says, "I believe in free enterprise, but the closed shop is part of our Constitution."
Accountants, doctors, and lawyers say, "I believe in free enterprise, but advertising our prices is against all ethics."
And sometimes I feel the only real defenders of free enterprise left are my colleagues and myself: Those of us with tenure, of course. Problems Brought by Attitudes
This hypocritical attitude certainly plays a role in bringing about …
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Publication information: Article title: Free Enterprise Doesn't Square with Protection. Contributors: Nadler, Paul S. - Author. Magazine title: American Banker. Volume: 149. Publication date: July 2, 1984. Page number: 4. © 2009 SourceMedia, Inc. COPYRIGHT 1984 Gale Group.
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