Henry Wallace was FDR's vice president before Truman, and he wrote this while WWII was still going on. With the exception of right wing isolationism, he could have written this today.
Still another danger is represented by those who, paying lip service to democracy and the common welfare, in their insatiable greed for money and the power which money gives, do not hesitate surreptitiously to evade the laws designed to safeguard the public from monopolistic extortion...
They demand free enterprise, but are the spokesmen for monopoly and vested interest. Their final objective toward which all their deceit is directed is to capture political power so that, using the power of the state and the power of the market simultaneously, they may keep the common man in eternal subjection...
Monopolists who fear competition and who distrust democracy because it stands for equal opportunity would like to secure their position against small and energetic enterprise. In an effort to eliminate the possibility of any rival growing up, some monopolists would sacrifice democracy itself.
It has been claimed at times that our modern age of technology facilitates dictatorship. What we must understand is that the industries, processes, and inventions created by modern science can be used either to subjugate or liberate. The choice is up to us. The myth of fascist efficiency has deluded many people. It was Mussolini's vaunted claim that he "made the trains run on time." In the end, however, he brought to the Italian people impoverishment and defeat. It was Hitler's claim that he eliminated all unemployment in Germany. Neither is there unemployment in a prison camp.
http://professorsmartass.blogspot.com/2004/08/danger-of-american-fascism-by-fdrs-vp.html">FULL TEXT
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