georgephillip
Diamond Member
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- #2,521
Does your vision of democracy perceive a threat from private power as FDR described it?Neither does mine, Mr. Strawman.
"[T]he 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.[3][4][5] [...]
"Statistics of the Bureau of Internal Revenue reveal the following amazing figures for 1935: 'Ownership of corporate assets: Of all corporations reporting from every part of the Nation, one-tenth of 1 percent of them owned 52 percent of the assets of all of them.'"
Corporate capitalism - Wikipedia