Mammon and Mastery
In 1908, Winston Churchill wrote, “The seed of Imperial ruin and national decay [lies in] the unnatural gap between the rich and the poor [and] the swift increase of vulgar . . . luxury.” In the same decade, Republican President Teddy Roosevelt said, “The supreme political task of our day is to drive the special interests out of our public life.” A generation later, his cousin President Franklin Roosevelt would offer that “political equality is meaningless in the face of economic inequality.” Justice Louis Brandeis of the U.S. Supreme Court framed his concern in ominous terms: “We can have a democracy, or we can have great wealth in the hands of a comparative few, but we cannot have both.”
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