Socialist policies are good for America
Debate Rounds (3)
Overseas, we saw Adolf Hitler resurrect the dead German economy. He implemented a form of (national) socialism to stimulate the economy. During this time, the Soviet Union was busy reversing the faults of capitalism and quickly modernized the failed state, turning it into a world power by the end of the second World War.
Socialist policies are definitely not good for America.
Your opening statement is very off-base. First off, the government (the Federal Reserve) is to blame for the Great Depression, not free markets/capitalism. Here's Milton Friedman talking about that: https://www.youtube.com...;
And here's Ben Bernanke (ex-chairman of the Federal Reserve) admitting to Friedman that the Great Depression was the Fed's fault: http://www.federalreserve.gov... "I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again."
Secondly, Roosevelt severely prolonged the depression with his awful, immoral policies. For example:
"Keeping Prices High. The centerpiece of the New Deal was the National Industrial Recovery Act of 1933. It created “codes” or cartels in more than 500 industries in order to limit competition. Businesses were told to cut output and maintain high prices and wages. Businessmen who cut prices were cajoled, fined, and sometimes arrested. Fortunately, NIRA was struck down by the Supreme Court in 1935.
The Agricultural Adjustment Act of 1933 similarly restricted production to keep prices high. “Excess” output was destroyed or dumped abroad. While millions of Americans were going hungry, the government plowed under 10 million acres of crops, slaughtered 6 million pigs, and left fruit to rot. Production of milk, fruits, and other products was cartelized to boost prices under “marketing orders” in 1937.
These policies reduced employment and burdened families with higher prices. At a May 1935 press conference, Roosevelt read letters from businessmen thanking him for keeping prices high. With millions out of work and short of money, Roosevelt thought that his job was to shield high-cost producers from entrepreneurs wanting to offer lower prices to hard-pressed families."
That excerpt is from this short Cato Institute bulletin which you should definitely read: http://object.cato.org...
"This was far from the only way in which New Deal programs hurt the poor. Blacks fared very badly under Roosevelt, the supposed great exemplar of enlightened modern liberalism. Minimum-wage laws proved a stumbling block to efforts by blacks to secure jobs. These laws prevented employers from undercutting unions by offering lower wages to nonunion members. Since blacks faced exclusion from many of the powerful unions, they were in effect frozen out. Roosevelt, by the way, allowed unions freely to violate private-property rights: sit-down strikes, i.e., the forcible seizure and occupation of an employer's property, were for him quite in order." [source: https://mises.org...]
He had several other terrible ideas as well, like the massive theft of everyone's gold.
How are these policies good?
Dremord forfeited this round.
Here's a study saying FDR prolonged the depression for 7 years: http://newsroom.ucla.edu...;
He also proposed a 100 percent top tax rate. At a time of “grave national danger,” Roosevelt told Congress in April 1942, “no American citizen ought to have a net income, after he has paid his taxes, of more than $25,000 a year.” That would be about $350,000 in today’s dollars.
FDR is truly one of the worst presidents ever.
Dremord forfeited this round.
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