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OCR Page 1 of 12(Safire) JK
Suggested Remarks for Business Council Dinner
Ball
Conglomerates and Bank Holding Companies
A businessman I know recently accused me of planning to take
all the "glomer" out of conglomerates.
And he wanted to know if this was going to be a "pro-business"
or an "anti-business" administration.
Here's the way I see it: We're going to be pro-good business
and anti-bad business.
Let's define our terms. Good business is business that promotes
free competition, that makes room for the entrepreneur. Good
business competes on the basis of quality and service and price.
And good business today is business that accepts its social responsibility.
This administration is "pro" that kind of business. And we're
determined to help that kind of good business do business.
Bad business, as I see it, is business that harms the entire
financial and commercial community by the restrictive concentration
of power. President Taft once said that "mere size is no sin against
the law. 11 (He weighed over 300 pounds when he made that remark, by
the way. ) But those who plan great concentrations of economic power
must realize that they are in what the theologians call "the occasion
of sin" -- the potential of harm.
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