"Some of the biggest men in the U.S., in the field of commerce and manufacturing, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it. . . . 
We have been dreading all along the time when the combined power of high finance would be greater than the power of government.... "We have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of small groups of dominant men.... We are in a new world.... Behind the whole subject, of course, is the truth that, in the new order, government and business must be associated closely.... We stand in the presence of a revolution... (which) will come in peaceful guise." 

-"The New Freedom", President Woodrow Wilson, January 1913


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