Stuart Chase worked for President Roosevelt. According to Wikipedia, Chase, born in 1888, was an American economist and engineer trained at MIT. His writings covered topics as diverse as general semantics and physical economy. Chase's thought was shaped by Henry George, Thorstein Veblen and Fabian socialism. In 1942 he wrote a little book called "The Road we are Traveling." He summarized the causes and outcomes of WWI and the Great Depression. He wanted a new system of government that was socialism, but not called that (we were at war with 2 socialist countries), and which wasn’t capitalism because he believed that created the Depression. So he named it System X. If you look through the list (download from internet), you see we have it.
1. Strong, centralized government.
2. Powerful Executive at the expense of Congress and the Judicial.
3. Government controlled banking, credit and securities exchange.
4. Government control over employment.
5. Unemployment insurance, old age pensions.
6. Universal medical care, food and housing programs.
7. Access to unlimited government borrowing.
8. A government managed monetary system.
9. Government control over all foreign trade.
10. Government control over natural energy sources, transportation and agricultural production.
11. Government regulation of labor.
12. Youth camps devoted to health discipline, community service and ideological teaching consistent with those of the authorities.
13. Heavy progressive taxation and hidden taxes on nations wealth.
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1 comment:
I see the libs don't stop by and comment on the obvious, only the things they don't like.
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