FDR's achievements with his New Deal were admirable, but let's not forget that the reason for the New Deal was not to bring down capitalism but to save it. People were so angry and desperate after the stock market crash and the ensuing Great Depression, there was a genuine concern in the Roosevelt administration that without immediate a…
FDR's achievements with his New Deal were admirable, but let's not forget that the reason for the New Deal was not to bring down capitalism but to save it. People were so angry and desperate after the stock market crash and the ensuing Great Depression, there was a genuine concern in the Roosevelt administration that without immediate and drastic changes in the way the country was run, there would be a genuine Bolshevik-style revolution in the United States
True, but social democracy is not incompatible with capitalism. Social democracy designates which services are better supplied by the government vs. private enterprise, such as mail delivery, libraries, schools, etc.
FDR's achievements with his New Deal were admirable, but let's not forget that the reason for the New Deal was not to bring down capitalism but to save it. People were so angry and desperate after the stock market crash and the ensuing Great Depression, there was a genuine concern in the Roosevelt administration that without immediate and drastic changes in the way the country was run, there would be a genuine Bolshevik-style revolution in the United States
True, but social democracy is not incompatible with capitalism. Social democracy designates which services are better supplied by the government vs. private enterprise, such as mail delivery, libraries, schools, etc.
Definitely. Those are the principles espoused by Frances Perkins.
Excellent point. Finland, Denmark, Iceland, Sweden and Norway are excellent examples of this.