Wealth and Democracy Quotes

“The measure of the Gilded Age, beginning in the 1870s, was that by the 1890s the goliaths of U.S. business, railroading, and finance had gained de facto control over many state legislatures, the federal judiciary, and the U.S. Senate. Looking back from the 1930s, historian Arthur Schlesinger Sr. observed how “America, in an ironical perversion of Lincoln’s words at Gettysburg, had become a government of the corporations, by the corporations and for the corporations.”
― Kevin Phillips, Wealth and Democracy: How Great Fortunes and Government Created America's Aristocracy