Our markets have not achieved their great successes as a result of government fiat, but rather through efforts of competing interests working to meet the demands of investors and to fulfill the promises posed by advancing technology.

Summary

This quote emphasizes that the success of markets is not primarily due to government intervention or control, but rather the result of various competing interests and individuals striving to meet the needs of investors and adapt to evolving technology. It suggests that the free market system, driven by competition and innovation, has been a key factor in achieving great successes in the market economy. Government actions may play a role in creating an enabling environment, but ultimately it is the efforts and initiatives of private actors that drive market achievements.

Topics