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This is CBS Eye in the World. I'm John Patchworth, David Davenport and the

late Professor Gordon Lloyd's new book, A Quality of Opportunity Through the Centuries of

the American Experiment, The Vineyard of Liberty. And we come now to a stark declaration

by a man who's admired as the most successful president of the 20th century,

Franklin Delano Roosevelt. I learned from David that at the Commonwealth Club in San Francisco,

May of 1932. In other words, the candidate, Governor Roosevelt, says,

equality of opportunity no longer exists. What does that mean to him at the time, David?

Well, if I may say, John, when Gordon and I have worked on our books, we like to sit around

for a couple of three days and debate each other, and Gordon said, well, you know,

Franklin Roosevelt said, equality of opportunity no longer exists. And I said, no, he didn't say that.

Such a stark bold statement. By way of background, Herbert Hoover's wonderful essay, 1921,

American Individualism, sort of gave his philosophy of government, which is American Individualism,

not European with cast and class, but American Individualism, as he always said, coupled with

equality of opportunity. So Roosevelt, in this amazing 1932 Commonwealth Club campaign speech,

equality of opportunity as we have known it no longer exists. And to impact that a bit,

what he meant was, if in fact, we had equality in previous times, it was because of the availability

of open land and people living in an agrarian lifestyle, and he couples Individualism with

equality of opportunity. But now that we no longer have open land, now that people are living in

cities, now that we have an industrial economy run by financial titans, the common man can no

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