Abstract

Liberal Futility and a New Approach
Wasserman, William Stix | October 31, 1934 issue

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It is difficult to be hopeful regarding the American outlook. The events of the past few months have forced the author to the conclusion that instead of a clear-cut economic policy and leadership which might inspire the country, there is a combination of muddy idealism and incompetence acting in a more or less opportunist manner, with no definite forward-looking plan. The author knows that it is easy to criticize U.S. President Franklin D. Roosevelt, that his job is colossally difficult, that he is honestly trying to create a workable system. The author thinks that he is doing all of this without clearly understanding the basic principles which underlie our economic situation and without being willing to take the necessary steps that might create either a workable capitalism or a workable semi-socialism.

See Also:

UNITED States -- Economic conditions; ECONOMIC policy; GOVERNMENT policy; ROOSEVELT, Franklin D. (Franklin Delano), 1882-1945; PRESIDENTS -- United States; SOCIALISM; UNITED States
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