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.

A reactionary is a somnambulist walking backwards.

We continue to recognize the greater ability of some to earn more than others. But we do assert that the ambition of the individual to obtain for him a proper security is an ambition to be preferred to the appetite for great wealth and great power.

Repetition does not transform a lie into a truth.

The royalists of the economic order have conceded that political freedom was the business of the government, but they have maintained that economic slavery was nobody's business. They granted that the government could protect the citizen in his right to vote, but they denied that the government could do anything to protect the citizen in his right to work and his right to live. Today we stand committed to the proposition that freedom is no half-and-half affair. If the average citizen is guaranteed equal opportunity in the polling place, he must have equal opportunity in the market place.

People acting together as a group can accomplish things which no individual acting alone could ever hope to bring about.

I think this would be a good time for a beer.