Business is in itself a power.

Garet Garrett, an American journalist and economic commentator of the early 20th century, made this statement to highlight the inherent power that resides in business. By saying, “Business is in itself a power,” Garrett emphasizes that commerce and enterprise are not merely economic activities; they shape societies, influence governments, and drive innovation. Business has the capacity to affect lives on a massive scale because it mobilizes resources, creates jobs, and shapes the flow of capital.

The quote reflects Garrett’s broader worldview, which often examined the relationship between business, government, and individual freedom. He believed that business, when left free to operate competitively, wielded a unique kind of power—one based on voluntary exchange and productivity. This power could be used to create prosperity, but he also cautioned that it could be misused or stifled if controlled excessively by external forces.

The origin of the statement ties to Garrett’s writings during a time when America’s industrial and financial systems were rapidly growing in influence. He observed how business institutions, from factories to banks, played a pivotal role in shaping both the economy and public life. His commentary often explored how this power should be balanced with ethical responsibility and limited government oversight.

Ultimately, Garrett’s message is that business is more than just a pursuit of profit; it is a fundamental force in society. Recognizing its power helps us understand its potential to drive progress as well as its capacity for harm if not guided by principles and accountability.