The present economic organization of Fascism is based on the “Corporate State,” the necessity for which is stated to be “Economic Planning.” The Ital… - Herbert Hoover

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The present economic organization of Fascism is based on the “Corporate State,” the necessity for which is stated to be “Economic Planning.” The Italian word Corporasioni currently translated as “corporation” is misleading, as its import is not our business corporation; it is more nearly that of the old English “guild.” In more modern expression, which again in American terms is not quite precise, the system is based upon the creation separately of Fascist “labor unions” and Fascist “trade associations” in each industry or calling, whose authority through committees and administrators is binding upon all those engaged in that industry or calling,…

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About Herbert Hoover

Herbert Clark Hoover (10 August 1874 – 20 October 1964) was the 31st president of the United States (1929–33). He was a professional mining engineer and was raised as a Quaker. A Republican, Hoover served as head of the U.S. Food Administration during World War I, and became internationally known for humanitarian relief efforts in war-time Belgium. As the United States Secretary of Commerce in the 1920s under Presidents Warren G. Harding and Calvin Coolidge, he promoted partnerships between government and business under the rubric "economic modernization". In the presidential election of 1928, Hoover easily won the Republican nomination, despite having no elected-office experience. Hoover is the most recent cabinet secretary to be elected President of the United States, as well as one of only three presidents (along with William Howard Taft and Donald Trump) elected without electoral experience or high military rank.

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Also Known As

Birth Name: Herbert Clark Hoover
Alternative Names: Herbert C. Hoover • President Hoover • H. C. Hoover • H. Hoover
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Additional quotes by Herbert Hoover

One has to bear in mind that one of the tactics of revolution is to destroy one's predecessors in authority at any cost or hazard.
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There is no economic failure so terrible in its import as that of a country possessing a surplus of every necessity of life in which numbers willing and anxious to work, are deprived of dire necessities. It simply cannot be if our moral and economic system is to survive.
economy inequality
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So far as the personal side is concerned, the victory was to him who lost and the defeat to him who won. I can say that never in the last fifteen years have I had the peace of mind that I have since the election. I have almost a feeling of elation.
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