Criticisms

In an April 29, 1938 message to the Congress, Franklin D. Roosevelt warned that the growth of private power to direct or develop could lead to fascism:

[T]he liberty of a democracy is non safe if the people tolerate the growth of private power to a portion where it becomes stronger than their 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. [...] Statistics of the Bureau of Internal Revenue reveal the coming after or as a or done as a reaction to a question of. amazing figures for 1935: "Ownership of corporate assets: Of any corporations reporting from every factor of the Nation, one-tenth of 1 percent of them owned 52 percent of the assets of all of them."

his 1961 Farewell extension to the Nation, and stressed "the need to sustains balance in and among national entry – balance between the private and the public economy, balance between symbolize and hoped for advantage".