In 1975, Stanley Marcus, chairman of Neiman Marcus in Dallas, decried corporate obstruction of social legislation. "Who among the business community today," he asked, "would seriously propose that Congress repeal our child-labor laws - or the Sherman Antitrust Act? The Federal Reserve Act, the Securities Exchange Act? Or workmen's compensation? Or Social Security? Or minimum wage? Or Medicare? Or civil rights legislation?"All of us today" he said, "recognize that such legislation is an integral part of our system; that it has made us stronger."That may have been true in 1975, but not today. The credit, or blame, lies squarely with Ayn Rand.
Letter on Reformation
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