Among us today a concentration of private power without equal in history is growing. This concentration is seriously impairing the economic effectiveness of private enterprise as a way of providing employment for labor and capital and as a way of assuring a more equitable distribution of income and earnings among the people of the nation as a whole.

Franklin Delano Roosevelt (1882–1945) American lawyer, politician, statesman, US President (1933–1945)

Message (1938-04-29) to Congress, On Curbing Monopolies
    (Source)