It will never be possible for any length of time for any group of the American people, either by reason of wealth or learning or inheritance or economic power, to retain any mandate, any permanent authority to arrogate to itself the political control of American public life.
I see an America whose rivers and valleys and lakes hills and streams and plains the mountains over our land and nature's wealth deep under the earth are protected as the rightful heritage of all the people.
Concentration of wealth and power has been built upon other people's money, other people's business, other people's labor. Under this concentration, independent business has been a menace to American society.
True wealth is not a static thing. It is a living thing made out of the disposition of men to create and distribute the good things of life with rising standards of living.
It [concentration of wealth and power] has been a menace to . . . American democracy.
The hopes of the Republic cannot forever tolerate either undeserved poverty or self-serving wealth.
We continue to recognize the greater ability of some to earn more than others. But we do assert that the ambition of the individual to obtain for him a proper security is an ambition to be preferred to the appetite for great wealth and great power.
All work undertaken should be useful - not just for a day, or a year, but useful in the sense that it affords permanent improvement in living conditions or that it creates future new wealth for the Nation.
We have the men--the skill--the wealth--and above all, the will.... We must be the great arsenal of democracy.
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