| | James Burnham, a former [[Trotskyite]], discovered in 1941 that the "workers revolution" which allegedy was to overthrow the capitalist "exploiters", was in real practice a "managerial revolution" which replaced older 19th century owners of capital with twentieth century technocrats and managers. Burnham found that "workers in this mythical 'workers' state' were, the facts showed, a subject class far more heavily exploited than the workers under capitalism," and that the new managers in a planned economy "have curbed the masses and have instituted a social structure in which they are on top, not by virtue of private property rights in the instruments of production, but through their monopoly control of a state power which has fused with the economy." <ref>James Burnham, ''The Managerial Revolution'', Indiana University Press, Bloomingham 1966.</ref> | | James Burnham, a former [[Trotskyite]], discovered in 1941 that the "workers revolution" which allegedy was to overthrow the capitalist "exploiters", was in real practice a "managerial revolution" which replaced older 19th century owners of capital with twentieth century technocrats and managers. Burnham found that "workers in this mythical 'workers' state' were, the facts showed, a subject class far more heavily exploited than the workers under capitalism," and that the new managers in a planned economy "have curbed the masses and have instituted a social structure in which they are on top, not by virtue of private property rights in the instruments of production, but through their monopoly control of a state power which has fused with the economy." <ref>James Burnham, ''The Managerial Revolution'', Indiana University Press, Bloomingham 1966.</ref> |
| | + | Roosevelt did not restore the economic system. He did not construct a new one. He substituted an old one which lives upon permanent crises and an armament economy. The system is more like the managed and bureaucratized, state supported system of [[Germany]] before [[World War I]]. Before this regime the United States lived in a system which depended for its expansion upon private investment in private enterprise. Today the US lives in a system which depends for its expansion and vitality upon the government. This is a pre¬war European importation - imported at the moment when it had fallen into complete disintegration in Europe.<ref>[http://www.rooseveltmyth.com/book/fdrmyth_Chapter_Fifteen___The_Roosevelt_.htm ''Roosevelt Myth'', Book 3, Ch. 14], John T. Flynn, Fox and Wilkes, 1948.</ref> |