Power Disparity Quotes
He was writing about America and many of the industrial democracies who at the time, as a result of globalziation, technology, government action and inaction, and other factors, had gone through a 30 year period of increasing disparities.
Later, Voltaire made the phrase famous. Sometimes the origin is attributed to Henri de la Tour d'Auvergne, Vicomte de Turenne, 1611-1675, a French General.
Although a conservative, he had many iconoclastic ideas. Almost all liberals and Democrats would agree with this quotation, but most conservatives and right wing Republicans support large concentrations of power in corporations and rich individuals.