Franklin Delano Roosevelt recognized this danger. He sent a message to Congress on April 29, 1938, titled “Recommendations to the Congress to Curb Monopolies and the Concentration of Economic Power.” In it he wrote: the first truth is that the liberty of democracy is not safe if the people tolerate the growth of power to a point where it becomes stronger than the democratic state itself. That, in its essence, is Fascism—ownership of Government by an individual, by a group, or by any other controlling private power. The second truth is that the liberty of a democracy is not safe if its business
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