The dull, purblind folly of the very rich men; their greed and arrogance . . . and the corruption in business and politics, have tended to produce a very unhealthy condition of excitement and irritation in the popular mind, which shows itself in the great increase in the socialistic propaganda.

—Theodore Roosevelt, 1906

I think we are in a position, after the experience of the last 20 years, to state two things: in the first place, that a corporation may well be too...