During the New Deal, people thought to be liberal was to reject socialism on one extreme and fascism on the other, and to preserve capitalism through regulation and a social safety net.
State capitalism is about more than emergency government spending, implementation of more intelligent regulation, or a stronger social safety net. It's about state dominance of economic activity for political gain.
With the development of industrial capitalism, a new and unanticipated system of injustice, it is libertarian socialism that has preserved and extended the radical humanist message of the Enlightenment and the classical liberal ideals that were perverted into an ideology to sustain the emerging social order.
Such terms as communism, socialism, Fabianism, the welfare state, Nazism, fascism, state interventionism, egalitarianism, the planned economy, the New Deal, the Fair Deal, the New Frontier are simply different labels for much the same thing.
We don't need to do anything new. We simply need to protect Social Security so that when people reach a certain age and are no longer earning an income, they have a safety net through which they are not going to fall.
FDR's New Deal and, after it, Republican President Dwight Eisenhower's similar Middle Way, used the government to regulate business, provide a basic social safety net, and promote infrastructure, like roads and bridges.
Everyday I become more convinced, there is no doubt in my mind, and as many intellectuals have said, that it is necessary to transcend capitalism. But capitalism can't be transcended from with capitalism itself, but through socialism, true socialism, with equality and justice. I'm also convinced that it is possible to do it under democracy, but not in the type of democracy being imposed by Washington.
I'm a capitalist. I believe in capitalism. But capitalism only works if you have safety nets to deal with people who are naturally left behind and brutalized by it.
The line between fascism and Fabian socialism is very thin. Fabian socialism is the dream. Fascism is Fabian socialism plus the inevitable dictator.
A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.
I even believed in a third way; I thought it was possible to put a human face on capitalism. But I was wrong. The only way to save the world is through socialism, but a socialism that exists within a democracy; there's no dictatorship here.
Capitalism and socialism are two distinct patterns of social organization. Private control of the means of production and public control are contradictory notions and not merely contrary notions. There is no such thing as a mixed economy, a system that would stand midway between capitalism and socialism.
Capitalism actually encourages morality because capitalism can't function well if people can't trust each other and people aren't honest, if a deal isn't a deal.
The New Deal is plainly an attempt to achieve a working socialism and avert a social collapse in America; it is extraordinarily parallel to the successive 'policies' and 'Plans' of the Russian experiment. Americans shirk the word 'socialism', but what else can one call it?
The homeless often feel invisible, allowed to plummet through widening holes in the social safety net, then hidden in doorways from which people avert their eyes.
Too many people today believe that you can fight fascism with fascism. This of course is an impossibility. Fascism times any other number always equals fascism.
In Britain, where the social safety net is more like a social swaddling cloth, crime rates other than murder are significantly higher than in the United States.