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" "The ill-gotten surplus capital acquired by exploiting the resources and the people of our country begets the imperialism which hunts down and exploits the natural resources and the people of foreign countries, erects huge armaments for the protection of its investments, breeds international strife in the markets of the world, and inevitably leads to war.
Robert Marion "Fighting Bob" La Follette Sr. (June 14, 1855 - June 18, 1925) was an American Republican (and later a Progressive) politician. He served as a member of the U.S. House of Representatives, was the Governor of Wisconsin, and was a U.S. Senator from Wisconsin from 1906 to 1925. He ran for President of the United States as the nominee of his own Progressive Party in 1924, carrying Wisconsin and winning 17% of the national popular vote.
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Mr. President, I had supposed until recently that it was the duty of senators and representatives in Congress to vote and act according to their convictions on all public matters that came before them for consideration and decision. Quite another doctrine has recently been promulgated by certain newspapers, which unfortunately seems to have found considerable support elsewhere, and that is the doctrine of “standing back of the President” without inquiring whether the President is right or wrong.
For myself, I have never subscribed to that doctrine and never shall. I shall support the President in the measures he proposes when I believe them to be right. I shall oppose measures proposed by the President when I believe them to be wrong.
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Since the birth of the Republic, indeed almost within the last generation, a new and powerful factor has taken its place in our business, financial and political world and is there exercising a tremendous influence. The existence of the corporation, as we have it with us today, was never dreamed of by the fathers… The corporation of today has invaded every department of business, and it’s powerful but invisible hand is felt in almost all activities of life. The effect of this change upon the American people is radical and rapid. The individual is fast disappearing as a business factor and in his stead is this new device, the modern corporation.