From A Critique of Interventionism — surrounding passage

Wi

“Those fighting for free enterprise and free competition do not defend the interests of those rich today. They want a free hand left to unknown men who will be the entrepreneurs of tomorrow.”

He forgets that there is yet another way, namely, the complete shutdown of all plants working under unfavorable conditions because they can no longer stand the competition of plants producing at lower costs. This is true especially in industries producing raw materials and staples. In finishing industries, where individual plants usually manufacture various items for which production and market conditions may vary, a cutback may be ordered, limiting output to the more profitable items.