Changes

==Economic planning and the New Deal==

==Economic planning and the New Deal==

The theory of economic planning envisions govnerment bureaus and planning boards mandating what goods will be produced, in what quantities, who the producers shall be,  prices of pre-finished and finished goods, wage levels and compensation of workers, regulations, conditions, etc  Cartels, such as were established in Germany under the [[Third Reich]], would unite with foreign counterparts that would regulate the international flow of goods. The central planning agency would control the banks and the flow of all investment, deciding who will benefit and at what price.  It is essentially a centralized command and control economy, or [[totalitarian]] regime, such as was comon throughout the world in the 1930s.  James Burhnam refered to this as the ''Managerial Society'', or rule by the 'experts' and technicians.

The theory of economic planning envisions government bureaus and planning boards mandating what goods will be produced, in what quantities, who the producers shall be,  prices of pre-finished and finished goods, wage levels and compensation of workers, regulations, conditions, etc  Cartels, such as were established in Germany under the [[Third Reich]], would unite with foreign counterparts that would regulate the international flow of goods. The central planning agency would control the banks and the flow of all investment, deciding who will benefit and at what price.  It is essentially a centralized command and control economy, or [[totalitarian]] regime, such as was common throughout the world in the 1930s.  James Burhnam referred to this as the ''Managerial Society'', or rule by the 'experts' and technicians.

It was at this point in time that terms in the basic political lexicon of America were transformed -partly due to Tugwell's influence. The term 'liberal', which at one time was considered moderate and even mainstream, became a code word for '[[radical]]', and '[[socialism]]'.  The idea's formerly associated with 'liberalism' became [[conservative]], [[libertarian]], or [[classical liberalism]].

It was at this point in time that terms in the basic political lexicon of America were transformed -partly due to Tugwell's influence. The term 'liberal', which at one time was considered moderate and even mainstream, became a code word for '[[radical]]', and '[[socialism]]'.  The idea's formerly associated with 'liberalism' became [[conservative]], [[libertarian]], or [[classical liberalism]].