Social Democracy: A critique

Franklin Delanore Roosevelt’s New Deal was arguably one of the most important pieces of legislation ever put forth by any President. It is seen as the crowning acheivement of the left in the United States. The New Deal was essentially using government to regulate the market and subsidize new jobs in order to stimulate the economy. This type of economics was called Keynesian economics, or demand side economics. The central idea was that if the consumer wasn’t able to increase demand due to lack of spending power, everyone loses. Capitalism requires consumption and constant growth. Profit is the central idea … Continue reading Social Democracy: A critique

Social Democracy: a Critique

Right now, social democracy is being talked about seriously again for the first time since the Great Depression. The social democratic new Deal was put into effect by the Roosevelt administration in order to mitigate the worst effects of the Great Depression and to ward off the threats of both socialism and fascism. Social Democracy is a system based on a mixed economy and a strong welfare state. It allows government intervention in order to protect citizens from the excesses of capitalism. FDR saved capitalism from collapse but I do not think Social Democracy is a good long term solution. … Continue reading Social Democracy: a Critique