Mark Thoma on the Macroeconomic and Policy Outlook
Reporting What's at Stake in American Fiscal Policy: Better Late than Never!

Theodore Roosevelt: Malefactors of Great Wealth

Why can't we have Republican vice-presidential candidates like this one?

TR:

The Theodore Roosevelt Centennial CD-ROM: Too much cannot be said against the men of wealth who sacrifice everything to getting wealth. There is not in the world a more ignoble character than the mere money-getting American, insensible to every duty, regardless of every principle, bent only on amassing a fortune, and putting his fortune only to the basest uses —whether these uses be to speculate in stocks and wreck railroads himself, or to allow his son to lead a life of foolish and expensive idleness and gross debauchery, or to purchase some scoundrel of high social position, foreign or native, for his daughter. Such a man is only the more dangerous if he occasionally does some deed like founding a college or endowing a church, which makes those good people who are also foolish forget his real iniquity. These men are equally careless of the working men, whom they oppress, and of the State, whose existence they imperil. There are not very many of them, but there is a very great number of men who approach more or less closely to the type, and, just in so far as they do so approach, they are curses to the country. (Forum, February 1895.) Mem.Ed. XV, 10; Nat. Ed. XIII, 9.

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