Saving Capitalism, by Robert Reich: on Principles & Values

Robert Reich: We can have democracy or concentrated wealth, but not both

America made the choice. Public outrage gave birth to the nation's first progressive income tax. President Theodore Roosevelt, railing at the "malefactors of great wealth," used government power to break up the trusts and impose new regulations barring impure food and drugs. He proposed "all contributions from corporations to any political committee or for any political purpose should be forbidden by law," leading Congress to ban corporate political donations.