"Local economic independence cannot be preserved in the face of consolidations such as we have had during the past few years. The control of American business is steadily being transferred, I am sorry to have to say, from local communities to a few large cities in which central managers decide the policies and the fate of the far-flung enterprises they control. Millions of people depend helplessly on their judgment. Through monopolistic mergers the people are losing power to direct their own economic welfare. When they lose the power to direct their economic welfare, they also lose the means to direct their political future."
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United States presidential candidates, 1952Democratic Party (United States) politiciansUnited States presidential candidates, 1956Members of the United States SenatePeople from Tennessee
Original Language: English
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Sources
Senate Hearing, 1947, reported in Michael J. Sandel, Democracy's Discontent: America in Search of a Public Philosophy (1998), p. 243.
https://en.wikiquote.org/wiki/Estes_Kefauver
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Estes Kefauver
Carey Estes Kefauver (26 July 1903 – 10 August 1963) was an American politician from Tennessee. A member of the Democratic Party, he served in the U.S. House of Representatives from 1939 to 1949 and in the Senate from 1949 until his death in 1963.
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