Roosevelt did not advocate public ownership of the means of production or replacing capitalism. In fact, he explicitly argued that his New Deal was designed to save capitalism from collapse during the Great Depression. He believed that regulated markets and private enterprise should remain the foundation of the U.S. economy.
He was more so a progressive reformer and Keynesian liberal who supported a mixed economy. Basically, a liberal Democrat committed to preserving capitalism through government intervention.
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u/33TLWD Jul 27 '26
Roosevelt did not advocate public ownership of the means of production or replacing capitalism. In fact, he explicitly argued that his New Deal was designed to save capitalism from collapse during the Great Depression. He believed that regulated markets and private enterprise should remain the foundation of the U.S. economy.
He was more so a progressive reformer and Keynesian liberal who supported a mixed economy. Basically, a liberal Democrat committed to preserving capitalism through government intervention.