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For too many of us the political equality we once had won was meaningless in the face of economic inequality. A small group had concentrated into their own hands an almost complete control over other people's property, other people's money, other people's labor - other people's lives. For too many of us life was no longer free; liberty no longer real; men could no longer follow the pursuit of happiness. Against economic tyranny such as this, the American citizen could appeal only to the organized power of government. The collapse of 1929 showed up the despotism for what it was. The election of 1932 was the people's mandate to end it. Under that mandate it is being ended.

Franklin Delano Roosevelt#37

EconomyFreedomDemocracyPowerEquality

About this quote

What does it mean?
Political freedom is meaningless without economic freedom when wealth concentrates in few hands.
In plain terms
Liberty is fake if rich people control most money and power.
What can you take from it?
Economic equality is necessary for true political liberty.

Where it applies

  • analyzing society
  • discussing reform
  • evaluating freedom

Putting it to work

  • fight economic tyranny
  • advocate redistribution
  • protect worker rights

Questions to consider

  • Can you be free while poor?
  • Who controls the economy?

Another view

Some argue free markets create opportunity even with inequality.

More from Franklin Delano Roosevelt

  1. The hours men and women worked, the wages they received, the conditions of their labor - these had passed beyond the control of the people, and were imposed by…

    Permalink to quote #36
  2. These economic royalists complain that we seek to overthrow the institutions of America. What they really complain of is that we seek to take away their power.…

    Permalink to quote #38
  3. It was natural and perhaps human that the privileged princes of these new economic dynasties, thirsting for power, reached out for control over government itse…

    Permalink to quote #35

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