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First let us ask whether our wealth-creating agencies, particular that — Alfred P. Sloan

"First let us ask whether our wealth-creating agencies, particular that of industry, are to be based upon private enterprise of policy management. I can not see how any intelligent observer can have any possible faith in the capacity of political management to provide either stability or progress if it should set out to operate the agencies of wealth creation, particularly industry. It is my firm conviction that any form of Government Regulation of Business is bound to result in an ever-increasing interference with the broad exercise of initiative - the very foundation of the American system. That is the natural evolution of bureaucracy. If that be so, might not the ultimate logical result be the necessity for the socialization of industry through the break down of the profit system induced by the accumulative effect of the ever-increasing political management. We do not need to go far afield to see definite evidences of that possibility"
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Alfred P. Sloan
Alfred P. Sloan
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Alfred Pritchard Sloan Jr. was an American business executive in the automotive industry. He was a longtime president, chairman and chief executive officer (CEO) of General Motors (GM). First as a senior executive and later as the head of the company, Sloan presided over the growth of General Motors into one of the largest corporations in the world. During this period, GM spearheaded the adoption

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"It looks as if the war in Europe is rapidly moving towards a conclusion. Probably I am wrong about that but I cant see how it can be otherwise. It seems clear that the Allies are outclassed on mechanical equipment, and it is foolish to talk about modernizing their Armies in times like these, they ought to have thought of that five years ago. There is no excuse for them not thinking of that except for the unintelligent, in fact, stupid, narrow-minded and selfish leadership which the democracies of the world are cursed with."
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Alfred P. Sloan