The weakness of a benevolent despotism is that there is no guarantee that it will remain benevolent. The Social Welfare State, the modern liberals' goal, is essentially a Germanic concept.
Towner Phelan
Towner Phelan, the St. Louis Union Trust Company’s vice president for advertising in the 1940s, produced a monthly newsletter on the premise that the prosperity of the company’s clients depended on the maintenance of the private enterprise system and the rejection of socialism.