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AMERICA* S TOWN MEETING OF THE AIR
wage bill to put a floor under depressed wages and to keep up piirchasing power. The Wagner Labor Relations Act, to give labor the right to collectively bargain so that it could intelligently and effectively protect its own purchasing power, was an administration measure. Farm bills and relief measures have been advanced with the very purpose of helping purchasing power . . . purchasing power of this very low income group who are the people who are willing to take on the used car.
I do not need to point out the opposition; it announces itself. Big business opposition, in my opinion, has been as short-sighted as suicide. A low wage policy is inconsistent with the standard of living which American business is organized to serve. Unless it is willing to pay wages which will sustain a high standard of American living, it cannot have a market for the commodities which only a high standard of living will call for.
From all these important things the people want business to do, I now turn to an aU-important thing they want business to do.
They do not want all of the business of the country to be swallowed up by a few corporations. So long as the American spirit lives and democracy survives, so that its spirit can be expressed in law, the American Congress will be tr3dng to break down the concentration of power just as fast as the imperialists of business pile it up. We are a proud people raised on the doctrines of equality found in the Declaration of Independence. We do not like to be bossed too much, not even by a boss whom we know we can change through the ballot box. We do not like to have any one man or corporation own the town.
Because we are a democratic people we are a friendly and sociable people. We know the comer grocer, the automobile dealer, the fellow who mns the factory, and the men who nm the bank. We know that they are harassed by the pressures of bigger competitors and by the prices of big industries that control their supplies. We do not care if, and we do not believe it is true that, the big concerns that swallow up these local businessmen do any better job, on the whole, for our community.
This fear of concentration represented by an anti-bigbusiness feeling is one of the strongest instincts in American