John D. Rockefeller：Random Reminiscences of Men and Events, Additional Excerpt 204

On the other hand, the one thing which such a business philosopher would be most careful to avoid in his investments of time and effort or money, is the unnecessary duplication of existing industries. He would regard all money spent in increasing needless competition as wasted, and worse. The man who puts up a second factory when the factory in existence will supply the public demand adequately and cheaply is wasting the national wealth and destroying the national prosperity, taking the bread from the labourer and unnecessarily introducing heartache and misery into the world.

Source： https://www.gutenberg.org/ebooks/17090
Locator：Additional excerpt 204 · Verified：2026-10-19 · Verification：Short excerpt

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