An interesting article from Arnold Kling about the Great Depression and economic policy under FDR… Below is a table that summarizes the two sides in the tug-of-war over capitalism. Note: Under “Anti-Capitalist”, you can put Democrat in parentheses.
|Market Prices||valuable signals||corrupt|
|Our Behavior in Markets||rational, ethical||greedy|
|Solve Social Problems||spontaneous order||deliberate planning|
|Business Success||largely deserved||comes from exploitation|