Monopoly in the 20th Century: Roosevelt Warns of Concentrated Wealth and Fascism
On April 20, 1938, the Associated Church Press—a group of reporters for religious magazines and newspapers—met with President Franklin D. Roosevelt in Washington, DC. One of their first questions was, “I would like to ask you, how great is the danger of fascism in this country? We hear about fascism-baiting in the United States.”
FDR’s answer was blunt, and it reveals a lot to us today of how Americans thought of “fascist” enterprises back in that day.
“I think there is danger,” he replied to the question, “because every time you have the breaking down or failure of some process we have been accustomed to for a long time, the tendency is for that process, because ...
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