Century Quote by Franklin D. Roosevelt
“More striking still, it appeared that, if the process of concentration goes on at the same rate, at the end of another century we shall have all American industry controlled by a dozen corporations and run by perhaps a hundred men. Put plainly, we are steering a steady course toward economic oligarchy, if we are not there already.”
About This Quote
Source Speech: Fireside Chat, 1938, United States;The concentration of economic power will lead to oligarchy unless checked.
Unchecked corporate concentration creates an oligarchic economy.
In simple terms: Corporate power leads to oligarchy.
Key Takeaway
Monitor market concentration; support competition.
Themes
economics
politics
power
competition
regulation
Mood
concerned
serious
Type
political
analytical
When to use this quote
- policy making
- antitrust enforcement
- public awareness
- investment decisions
Key Concepts
Monopoly
wealth inequality
political influence
Questions to Reflect On
- How can we prevent corporate concentration?
- What policies best protect competition?
A Different Perspective
Assumes linear growth without disruption; technological change could alter dynamics.
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