Kialo requires cookies to work correctly.
Did Frank D. Roosevelt save capitalism?
FDR saved capitalism.
If FDR hadn't strengthened labor and antitrust in America, communism would have spread there.
FDR saved capitalism by helping defeat fascism.
Without those interventionist policies capitalism would not have been seen as a potentially viable system, and the blame that capitalism would have received for causing the Great Depression would've ensured that America would seek alternative economic systems.
FDR's New Deal revived the American economy and restored its capitalist tradition.
Given that the Cold War kicked off just after the end of FDR's tenure, if anything FDR set capitalism up for its first real opposition.
FDR preserved capitalism by introducing anti-capitalist elements into American socioeconomic policy -- he just saved capitalism from itself temporarily.
FDR was partial responsible for setting up the
Bretton Woods system
, which laid the groundwork for the problems capitalism faces today.
Capitalism is an obscure, abstract, amorphous and ultimately incoherent term. FDR didn't save "capitalism" so much as he saved Western dominance over global markets.
Capitalism can't be saved
Capitalism is the natural economic system of human civilization. It will become the natural order with or without the influence of any single politician.
Extreme poverty can be eradicated through capitalism
Did the US have to use nuclear weapons to achieve Japan's unconditional surrender?
Did Europeans Have a Better Quality of Life in the 1990s than in the 1890s?