“Unhappy events … have retaught us two simple truths about the liberty of a democratic people.
The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it comes 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….
Among us today a concentration of private power without equal in history is growing.
The second truth is that the liberty of a democracy is not safe if its business system does not provide employment and produce and distribute goods in such a way as to sustain an acceptable standard of living [for everyone].
Both lessons hit home.
Among us today a concentration of private power without equal in history is growing.” “
Franklin D Roosevelt, message to the US Congress 1938
http://www.presidency.ucsb.edu/ws/?pid=15637
The rest of the article scarily foreshadows the exact same events today.