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#williamdouglas — Public Fediverse posts

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  1. @DGBNiedersachsen
    if memory serves
    dear William O. Douglas
    made an excellent point in
    Democracy and Finance
    , that investment in infrastructure project are well worth

    archive.org/details/democracyf

    by the way an excellent read and still valid today, surprised me how we have still the same problems as back then
    #DemocracyAndFinance #WilliamDouglas

  2. #DemocracyAndFinance #WilliamDouglas

    Much of the shirt-sleeve work of government is done by administrative agencies, such as the S.E.C. Much of the responsibilities of government is carried by them. Under democratic forms of government, they have been increasing in importance and dignity. They have become more and more the outposts of capitalism; they have been given increasingly larger patrol duties, lest capitalism by its own greed, avarice, or myopia destroy itself.

    page 244, talk 1938-10

  3. #DemocracyAndFinance #WilliamDouglas
    The electric-power industry has only one reason for existence and that is to render dependable service as cheaply as possible. To do this the capital invested must have reasonable certainty of return. The corporate form that it takes should be simple and understandable and workable.
    page 132
    ⚡ notice speech was delivered 1938-02-02

  4. #DemocracyAndFinance #WilliamDouglas
    To put the matter another way, if you let speculation alone and set up no controls over it, what starts as moderate speculation will feed on so-called injudicious speculation; the speculative excesses are quickened and the investment process is weakened.

  5. #WilliamDouglas
    #DemocracyAndFinance 📖
    started reading Democracy and finance; the addresses and public statements of William O. Douglas as member and chairman of the Securities and Exchange Commission
    😊
    archive.org/details/democracyf
    🥰
    most impressive, accurate and now more relevant than back then,
    🧡
    wonderful language,
    clear observations,
    brilliant conclusions,
    💚
    highly recommended read🙂