3 Matching Annotations
  1. Jul 2022
    1. But I think we may go still further. The right to regulate the use of wealth in the public interest is universally admitted. Let us admit also the right to regulate the terms and conditions of labor, which is the chief element of wealth, directly in the interest of the common good.

      On July 5, 1935, President Roosevelt created the Wagner Act, also known as the Nation Labor Relations Act. The Act included many things such as entitlement to wages and benefits, hour of work, overtime arrangements and overtime compensation, and leave for illness, maternity, vacation or holiday. Labor and working conditions. (n.d.). https://firstforsustainability.org/risk-management/understanding-environmental-and-social-risk/environmental-and-social-issues/labor-and-working-conditions/ National Labor Relations Act (1935). (2021, November 22). National Archives. https://www.archives.gov/milestone-documents/national-labor-relations-act

    2. If our political institutions were perfect, they would absolutely prevent the political domination of money in any part of our affairs.

      Why do we hear of similar things today? There has been many of cases that political offices use the money for the state or country to make themselves more comfortable. Rather than using it to make their state or the country better. The main reason is because money is the ultimate power. Money is power. (2018, October 25). Rethinking Economics Norge. https://rethinkeconomics.no/2018/10/25/money-is-power/