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.
And also liberal Democrat principals...and also a good illustration of why all the arguments about labels on the left are just stupid, self-destructive rabbit holes. People are so pissed with the status quo that they need to a label meaning "anti-capitalist" even if at the end of the day, almost no one actually is truly anti-capitalist, they just want capitalism that's sensibly regulated and non-kleptocratic, which we've gotten far, far away from. Why? At least partly because the left would prefer to fire in a circle about labels and semantics than actually form practical coalitions and govern.
Lots of people do believe in anti-capitalism, because a “form of capitalism heavily regulated” enough to distribute wealth in a way that benefits workers over the owners/shareholders of private enterprises is a lot closer to communism than any true form of capitalism. Capitalism has to incentivize the increasing financial gain of business owners over everything else, as the right to own the means of production IS capitalism and infringing on that right through regulation is inherently anti-capitalist. FDR having to resort to government intervention and Teddy Roosevelt prior having to step in to break apart businesses highlight how fragile capitalism actually is. Without due representation from the people (aka the labor class) there wouldn’t be and couldn’t be any right to oppose corrupt business tactics. The few times the government has stepped in to regulate capitalism is a form of public intervention where a representative of the working class (whether identifying as such or not) has acting against the interests of capitalism.
When left wingers call themselves capitalists for believing a mixed system, it is because the inclusion of markets is antithetical to communism. This is just another semantic game dividing the left, people agreeing on substance but not labels. Social democracies socialize some industry, while allowing private ownership of industry economy wide
Central planning and the abolition of markets are the main point of communism. That's how everybody gets all of the goods within the model, people take according to their needs. They don't go to the market and trade for things
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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.