Look around, and you see everywhere the exertions and acts of individuals restricted, regulated, or promoted, on the principle of the common welfare.

It is bad policy to regulate everything... where things may better regulate themselves and can be better promoted by private exertions; but it is no less bad policy to let those things alone which can only be promoted by interfering social power.

But the general welfare must restrict and regulate the exertions of the individuals, as the individuals must derive a supply of their strength from social power.

Some areas are restricted and regulated such as retail distribution, telecommunications and banking, but you can get a license to set up a 100 percent wholly foreign owned company in most areas of the economy now,

An individual, in promoting his own interest, may injure the public interest; a nation, in promoting the general welfare, may check the interest of a part of its members.

The concentration and reciprocal effect of industry and agriculture conjoin in a growth of productive powers, which increases more in geometrical than in arithmetical proportion.