Socialism: Utopian and Scientific -- Friedrich Engels
Red Menace
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Socialism and Regulation, Right?
The idea of social Democrats and liberals, for example, is that the capitalist system is worth protecting. And therefore we don't want to transcend capitalism. We actually want to make it work better. That requires regulation, et cetera. FDR did a whole bunch of, you know, enlarged the size of government to make sure that the anarchy of capitalist production doesn't lead to such a horrific crises again. But when they asked FDR at the end of his life, what was your greatest accomplishment? What did FDR say? He said my greatest accomplishment was saving capitalism. I'm not saying that all forms of regulation and reforms are meaningless and should just be dismissed. Of course not. But you
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