- "The real difficulty is with the vast wealth and power in the
hands of the few and the unscrupulous who represent or control capital.
Hundreds of laws of Congress and the state legislatures are in the
interest of these men and against the interests of workingmen. These
need to be exposed and repealed. All laws on corporations, on taxation,
on trusts, wills, descent, and the like, need examination and extensive
change. This is a government of the people, by the people, and for the
people no longer. It is a government of corporations, by corporations,
and for corporations..."
- From the diary of President Rutherford B. Hayes (11 March 1888)
25 November 2016
Plutocracy and oligarchy
Not a new problem: