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