From the Archives: Roosevelt on the Plutocracy

May 28, 2011

“The fortunes amassed through corporate organization are now so large, and vest such power in those that wield them, as to make it a matter of necessity to give to the sovereign — that is, to the Government, which represents the people as a whole — some effective power of supervision over their corporate use.  In order to insure a healthy social and industrial life, every big corporation should be held responsible by, and accountable to, some sovereign strong enough to control its conduct.”
 ~ President Theodore Roosevelt
And how about this?
“As we view the achievements of aggregated capital, we discover the existence of trusts, combinations, and monopolies, while the citizen is struggling far in the rear or is trampled to death beneath an iron heal.  Corporations, which should be carefully restrained creatures of the law and the servants of the people, are fast becoming the people’s masters.”
~ President Grover Cleveland
I’ve grabbed these quotations from a fabulous book by Thom Hartmann: What Would Jefferson Do?

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