Quotessence
Home / Quotes / Quote by William O. Douglas

Quote by William O. Douglas

“Power that controls the economy should be in the hands of elected representatives of the people, not in the hands of an industrial oligarchy.”

Quote by William O. Douglas

Author

William O. Douglas
William O. Douglas

William O. Douglas was a former Associate Justice of the Supreme Court of the United States. Born on October 16, 1898, and passing away on January 19, 1980, he is renowned for his contributions to constitutional interpretation. During his tenure on the Supreme Court, Douglas advocated for liberal judgments, particularly in the areas of the First and Fifth Amendments, and had a profound impact on the American legal and judicial system. more

You May Also Like

“One has to realize that the powerful industrial groups concerned in the manufacture of arms are doing their best in all countries to prevent the peaceful settlement of international disputes, and that rulers can achieve this great end only if they are sure of the vigorous support of the majority of their peoples.”

“Globalization has considerably accelerated in recent years following the dizzying expansion of communications and transport and the equally stupefying transnational mergers of capital. We must not confuse globalization with "internationalism" though. We know that the human condition is universal, that we share similar passions, fears, needs and dreams, but this has nothing to do with the "rubbing out" of national borders as a result of unrestricted capital movements. One thing is the free movement of peoples, the other of money.”

“The policy of letting things alone, in the practical sense that the Government should never interfere with business or go into business itself, is called Laisser-faire by economists and politicians. It has broken down so completely in practice that it is now discredited; but it was all the fashion in politics a hundred years ago, and is still influentially advocated by men of business and their backers who naturally would like to be allowed to make money as they please without regard to the interest of the public.”

“I think the team that successfully puts together an economic and social policy framework for global full employment in decent working conditions based on local development, that would command the support of all stakeholders and all international organizations concerned, should be awarded the [Nobel] prize. I am sure they would get it not just for economics, but also for peace in the world.”