Fdr Capitalism Quotes

New Dealers always seemed to be comparing actual capitalism with ideal government. They judged capitalism by its apparent effects and government by its announced intentions

For out of this modern civilization economic royalists carved new dynasties. New kingdoms were built upon concentration of control over material things. Through new uses of corporations, banks and securities, new machinery of industry and agriculture, of labor and capital—all undreamed of by the fathers—the whole structure of modern life was impressed into this royal service. There was no place among this royalty for our many thousands of small business men and merchants who sought to make a worthy use of the American system of initiative and profit. They were no more free than the worker or the farmer. Even honest and progressive-minded men of wealth, aware of their obligation to their generation, could never know just where they fitted into this dynastic scheme of things. It was natural and perhaps human that the privileged princes of these new economic dynasties, thirsting for power, reached out for control over Government itself. They created a new despotism and wrapped it in the robes of legal sanction. In its service new mercenaries sought to regiment the people, their labor, and their property.

New Rule: Not everything in America has to make a profit. If conservatives get to call universal health care "socialized medicine," I get to call private, for-profit health care "soulless vampire bastards making money off human pain." Now, I know what you're thinking: "But, Bill, the profit motive is what sustains capitalism." Yes, and our sex drive is what sustains the human species, but we don't try to fuck everything. It wasn't that long ago when a kid in America broke his leg, his parents took him to the local Catholic hospital, the nun stuck a thermometer in his ass, the doctor slapped some plaster on his ankle, and you were done. The bill was $1.50; plus, you got to keep the thermometer. But like everything else that's good and noble in life, some bean counter decided that hospitals could be big business, so now they're not hospitals anymore; they're Jiffy Lubes with bedpans. The more people who get sick, and stay sick, the higher their profit margins, which is why they're always pushing the Jell-O. Did you know that the United States is ranked fiftieth in the world in life expectancy? And the forty-nine loser countries were they live longer than us? Oh, it's hardly worth it, they may live longer, but they live shackled to the tyranny of nonprofit health care. Here in America, you're not coughing up blood, little Bobby, you're coughing up freedom. The problem with President Obama's health-care plan isn't socialism. It's capitalism. When did the profit motive become the only reason to do anything? When did that become the new patriotism? Ask not what you could do for your country, ask what's in it for Blue Cross Blue Shield. And it's not just medicine--prisons also used to be a nonprofit business, and for good reason--who the hell wants to own a prison? By definition, you're going to have trouble with the tenants. It's not a coincidence that we outsourced running prisons to private corporations and then the number of prisoners in America skyrocketed. There used to be some things we just didn't do for money. Did you know, for example, there was a time when being called a "war profiteer" was a bad thing? FDR said he didn't want World War II to create one millionaire, but I'm guessing Iraq has made more than a few executives at Halliburton into millionaires. Halliburton sold soldiers soda for $7.50 a can. They were honoring 9/11 by charging like 7-Eleven. Which is wrong. We're Americans; we don't fight wars for money. We fight them for oil. And my final example of the profit motive screwing something up that used to be good when it was nonprofit: TV news. I heard all the news anchors this week talk about how much better the news coverage was back in Cronkite's day. And I thought, "Gee, if only you were in a position to do something about it.

Take a method and try it. If it fails admit it frankly and try another. But above all, try something,” FDR proclaimed publicly in 1932.10

Underconsumption theory especially appealed to intellectuals. If the rich were wrecking American industry, exploiting tax cuts, and using their economic power to impoverish farmers and laborers, then capitalism was failing. Government, by implication, needed to step in and appoint “experts” to planning boards to jump-start the

FDR and most of his closest advisers believed that the aim of the New Deal was to save the capitalist system from unreconstructed capitalists. Government regulation, instead of being the enemy of capitalism, was conceived as the means of saving it by promoting employment, decent wages, education, and a cushion against the cyclical swings endemic to capitalism.

I remain basically a socialist. It is more relevant today because capitalism has reached its apex. It will begin to slide down or will dissolve or save itself through a Third World War to control the whole world through oil and the subservience of small countries like us and I don't like that. I am happy that Cardinal Sin stated very clearly that we must be for peace. We are for America but the good America, not the America today. The good America of Washington, Jefferson, Lincoln and FDR is the America I love and admire. But the America today wants to control the economy of the world. The war in Iraq. . . is a war for oil, no matter how many millions will die so long as they can control Iraq which is the second largest oil-producing country in the world, second only to Saudi Arabia and its neighbors.

On August 21, 1931, invited to address an American Legion convention in Connecticut, he made the first no-holds-barred antiwar speech of his career. It stunned all who heard it or read it in the few papers that dared report it in part: I spent 33 years . . . being a high-class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer for capitalism. . . . I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912. I helped make Mexico and especially Tampico safe for American oil interests in 1916. I brought light to the Dominican Republic for American sugar interests in 1916. I helped make Haiti and Cuba a decent place for the National City [Bank] boys to collect revenue in. I helped in the rape of half a dozen Central American republics for the benefit of Wall Street. . . . In China in 1927 I helped see to it that Standard Oil went its way unmolested. . . . I had . . . a swell racket. I was rewarded with honors, medals, promotions. . . . I might have given Al Capone a few hints. The best he could do was to operate a racket in three cities. The Marines operated on three continents. . . . We don’t want any more wars, but a man is a damn fool to think there won’t be any more of them. I am a peace-loving Quaker, but when war breaks out every damn man in my family goes. If we’re ready, nobody will tackle us. Give us a club and we will face them all. . . . There is no use talking about abolishing war; that’s damn foolishness. Take the guns away from men and they will fight just the same. . . . In the Spanish-American War we didn’t have any bullets to shoot, and if we had not had a war with a nation that was already licked and looking for an excuse to quit, we would have had hell licked out of us. . . . No pacifists or Communists are going to govern this country. If they try it there will be seven million men like you rise up and strangle them. Pacifists? Hell, I’m a pacifist, but I always have a club behind my back!

The liberal accepts the main outlines of our existing economic system as desirable and as destined to endure at least for some generations. He accepts and champions the right to use one’s talents and efforts to produce, acquire, and to keep property. And the right of capital to a fair return for its work. This means a definite rejection of communism, socialism, and fascism.”1

By the end of the Eisenhower presidency, television had become inseparable from national politics and presidential campaigns. The average American household had owned a television set for less than ten years when, in 1960, Massachusetts senator John F. Kennedy and Vice President Nixon faced off in the first-ever televised presidential debate. While the polio-afflicted FDR could not walk and Eisenhower was a less-than-charismatic speaker in public, the new visual medium granted no allowances. Starting with the debate, presidential elections were now a form of performance art in which every grimace, eye roll, and hand gesture counted toward the outcome—democracy subject to the rolling cameras of capitalism’s next big thing. •

Washingtonians love the "So-and-so is spinning in his grave" cliché. Someone is always speculating about how some great dead American would be scandalized over some crime against How It Used to Be. The Founding Fathers are always spinning in their graves over something, as is Ronald Reagan, or FDR. Edward R. Murrow is a perennial grave spinner in the news business (though in fact, Murrow was cremated).

Instead of trying to resurrect or reform a system whose endless pursuit of economic growth has created a nation of material abundance and spiritual poverty—and instead of hoping for a new FDR to save capitalism with New Deal–like programs—we need to build a new kind of economy from the ground up. That is what I have learned from fifty-five years of living and struggling in Detroit, the city that was once the national and international symbol of the miracle of industrialization and is now the national and international symbol of the devastation of deindustrialization. That is why so many people, especially young people, have their eyes on Detroit today.

it was only a matter of time before the very capitalists that FDR professed to despise captured for their own ends the programs he legitimized in the name of the public good.

In all of U.S. labor history, few years rival 1934 for drama.59 There had been rumblings in 1933, as rubber plant workers unionized in Akron, Ohio, and prepared a large strike, and Mexican, Japanese, and Filipino fruit pickers struck in California. However, 1934 was an eruption: in 1,856 work stoppages, 1.5 million workers demanded the upholding of Section 7(a). In Toledo, Ohio, auto parts workers won recognition, despite a violent clash that brought out the National Guard. In San Francisco, the Communist-influenced longshoremen won recognition. In October, under pressure, Hugh Johnson succumbed to mental illness, resigning from the NRA after delivering a farewell address to baffled and demoralized staffers comparing himself to Madame Butterfly.60 In the White House, FDR equivocated, as the left continued to agitate.

War was “largely a matter of money,” he told the veterans who had gathered to hear him. “Bankers lend money to foreign countries and when they cannot repay the President sends Marines to get it. I know—I’ve been in eleven of these expeditions.” The world was not yet through with war, he warned, but “we can help get rid of it when we conscript capital along with men.

In their authoritative 1995 work, Voice and Equality, political scientists Sidney Verba, Kay Lehman Schlozman, and Henry E. Brady demonstrated that political activity varied by class. Their study found that 86 percent of high-income people reported having voted, but only 52 percent of low-income people said they voted. And 73 percent of high-income people were involved with a political organization, compared to 29 percent of low-income people. A 2012 sequel by the same authors showed a widening of these patterns, as institutions of working-class participation such as trade unions continued to decline, while the influence of the wealthy concentrated. The affluent go to meetings, are active members of groups concerned with public issues, and develop “civic skills” far more than the poor do—and that disparity has been widening. The iconic Norman Rockwell painting of an ordinary working fellow standing up to speak his mind at a town meeting, meant to depict one of FDR’s Four Freedoms, belongs to another era. And yet, in the Trump rebellion, regular working people who had little regard for civic norms abruptly recovered their voices in a fashion characteristic of mass society—disaffected people sharing not always rational rage with an irrational leader. They even formed new, Tocqueville-style associations, the Tea Parties. Voice and Equality concluded that lower-income people participate at lower rates for three reasons: “they can’t” (because they lack the time or money); “they don’t want to” (because they don’t believe that politics will make a positive difference in their lives); and “nobody asked them” (the political system has few avenues of recruitment for lower-income people). In a survey of why so many people avoided politics, one key reason was that politics felt irrelevant. This view, of course, was also correlated by social class. Nobody in large corporations believes that politics is irrelevant. Trust in government—and in all major institutions—has been falling for half a century. When the American National Election Study first asked the question in 1958, 73 percent of Americans said they trusted the federal government to do the right thing “just about always” or “most of the time.” That sense of trust peaked in 1964, at 78 percent, and has been steadily dropping ever since. By 2015, it was down to just 19 percent. The

But in 1936, weak and weary and dying of cancer, Mellon met FDR for tea at the White House and told him that he wanted to create a National Gallery of Art in the nation’s capital that would rival the best galleries