Roosevelt lamented in the speech the concentration of power, or “collectivism,” in corporate America, and called for a reintroduction of a “democratic competitive order” through additional federal regulation of business. Hayek was more hopeful at this time for the future path of the United States relative to Britain regarding free enterprise. For more on this, see his remarks in “Planning, Science, and Freedom,” Nature, vol. 143, November 15, 1941, pp. 581–82, reprinted as chapter 10 of F. A. Hayek, Socialism and War: Essays, Documents, Reviews, op. cit., p. 219. —Ed.]
