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"Our markets have not achieved their great successes as a result of government fiat, but rather through efforts of competing interests working to meet the demands of investors and to fulfill the promises posed by advancing technology."
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"Every government is a parliament of whores. The trouble is, in a democracy, the whores are us."

"I am concerned about the whole man. I am concerned about what the people, using their government as an instrument and a tool, can do toward building the whole man, which will mean a better society and a better world."

"For a country to have a great writer is like having another government. That's why no regime has ever loved great writers, only minor ones."

"No more distressing moment can ever face a British government than that which requires it to come to a hard, fast and specific decision."

"Democracy is not so much a form of government as a set of principles."

"A patriot must always be ready to defend his country against his government."

"For in reason, all government without the consent of the governed is the very definition of slavery."

"The mystery of government is not how Washington works but how to make it stop."

"Government is a ruling structured thuggery."

"This country, with its institutions, belongs to the people who inhabit it. Whenever they shall grow weary of the existing government, they can exercise their constitutional right of amending it, or exercise their revolutionary right to overthrow it."
Explore more quotes by Arthur Levitt

"What must occur is a greater recognition by investors of their individual responsibility."

"Although the Internet makes it seem as if you have a direct connection to the securities market, you don't. Lines may clog; systems may break; orders may back-up."

"Once again, stock markets have been threatened with extinction for almost 75 years, and I have found that stock markets are harder to kill than roaches."

"I think that the failures of Enron and WorldCom and other companies are partially failures of investors to recognize companies that are selling for a thousand times nothing, but chances are they may be worth only that."

"Our purpose, as we face these challenges, remains clear - fair and orderly markets that allow for efficient capital formation, while protecting the interests of investors."

"Today, the forces of competition, technology, and globalization have converged to spur innovation and to transform the way business is done in the securities industry."

"Investors should start with a view of skepticism. They should become intellectual investors rather than emotional investors. They should be careful, and they should be skeptical."

"Firms need to ensure that their ability to provide effective customer service keeps pace with their growth. If you're marketing your firm to new customers, you better be able to provide them service when they do business with you."

"It is incumbent on us to facilitate the development of a market structure that best assures that these changes benefit the U.S. securities markets as a whole."

"The tension between centrality, on the one hand, and competition, on the other, is probably the oldest of all market structure issues."
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