Exposing the madness wehind current economic thought

Wednesday, July 10, 2013

Why the Nazis and Fascists Loved FDR

David Gordon reviews "Three New Deals: Reflections on Roosevelt's America, Mussolini's Italy, and Hitler's Germany, 1933-1939." By Wolfgang Schivelbusch. (Metropolitan Books, 2006.)

Critics of Roosevelt's New Deal often liken it to fascism. Roosevelt's numerous defenders dismiss this charge as reactionary propaganda; but as Wolfgang Schivelbusch makes clear, it is perfectly true. Moreover, it was recognized to be true during the 1930s, by the New Deal's supporters as well as its opponents.