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"I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial of strength, and bid defiance to the laws of our country."
Earlier, he opposed chartering the first Bank of the United States, a 19th century version of today's central bank, what Andrew Jackson called a "hydra-headed monster," and Lincoln described as predatory money powers "more despotic than a monarch, more insolent than autocracy and more selfish than a bureaucracy." He feared they'd accumulate enough wealth and power to destroy the Republic, similar to former Supreme Court Justice Louis D. Brandeis' view saying, "We can have democracy in this country, or we can have great wealth concentrated in the hands of the few, but we can't have both."
Others call it fascism or a reasonable facsimile with elements including:
-- the despotic union of corporate and state power - aka corporatism;
-- rampant corruption;
-- the disdain for human rights, civil liberties, and ordinary workers;
-- the dominance of militarism, belligerency, and permanent wars;
-- fraudulent elections;
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