FDR on democracy, fascism, and the growth of private power and America’s business system


image: socialistexan

Full quote from Time:

“Unhappy events abroad have retaught us two simple truths about the liberty of a democratic people. The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic State itself. That, in its essence, is fascism — ownership of government by an individual, by a group or by any other controlling private power.

“The second truth is that the liberty of a democracy is not safe if its business system does not provide employment and produce and distribute goods in such a way as to sustain an acceptable standard of living. Both lessons hit home. Among us today a concentration of private power without equal in history is growing.”

That was in 1938. Imagine what he’d think about the politics of today, the concentration of private power and Wall Street, the rise and fall of labor unions, and the steadily increasing income gap 73 years later.

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