Did the New Deal save capitalism?

The New Deal stifled Capitalism and prevented free market recovery from happening naturally. This stifling of the free market did not begin with Roosevelt however, Herbert Hoover began the crusade of government intervention into the economy. The policies of Hoover and Roosevelt and their regulations had little to no positive effect on the economy. In fact economic graphs from the era show that the economy was absolutely stifled during the time of government intervention.

Contrary to wide held opinions Socialism provided the malaise that allowed Hitler to instill Fascism in the 1930's and 40's, where humans were treated as a commodity to be used to gain advantage for the state. Nazi Germany was never a Capitalist system.

It is apparent that Statist policies and over regulation tend to hamper free enterprise.

Democrat President Harry S. Trueman stated the differences between Democracy and government based welfare states in his inaugural address in 1949: Harry S. Truman, Inaugural Speech (excerpt), 1949

" The American people desire, and are determined to work for, a world in which all nations and all peoples are free to govern themselves as they see fit, and to achieve a decent and satisfying life. Above all else, our people desire, and are determined to work for, peace on earth-a just and lasting peace-based on genuine agreement freely arrived at by equals. 9

In the pursuit of these aims, the United States and other like-minded nations find themselves directly opposed by a regime with contrary aims and a totally different concept of life. 10

That regime adheres to a false philosophy which purports to offer freedom, security, and greater opportunity to mankind. Misled by this philosophy, many peoples have sacrificed their liberties only to learn to their sorrow that deceit and mockery, poverty and tyranny, are their reward. 11

That false philosophy is communism. 12

Communism is based on the belief that man is so weak and inadequate that he is unable to govern himself, and therefore requires the rule of strong masters. 13

Democracy is based on the conviction that man has the moral and intellectual capacity, as well as the inalienable right, to govern himself with reason and justice. 14

Communism subjects the individual to arrest without lawful cause, punishment without trial, and forced labor as the chattel of the state. It decrees what information he shall receive, what art he shall produce, what leaders he shall follow, and what thoughts he shall think. 15

Democracy maintains that government is established for the benefit of the individual, and is charged with the responsibility of protecting the rights of the individual and his freedom in the exercise of his abilities. 16

Communism maintains that social wrongs can be corrected only by violence. 17

Democracy has proved that social justice can be achieved through peaceful change. 18

Communism holds that the world is so deeply divided into opposing classes that war is inevitable. 19

Democracy holds that free nations can settle differences justly and maintain lasting peace. 20

These differences between communism and democracy do not concern the United States alone. People everywhere are coming to realize that what is involved is material well-being, human dignity, and the right to believe in and worship God. 21

I state these differences, not to draw issues of belief as such, but because the actions resulting from the Communist philosophy are a threat to the efforts of free nations to bring about world recovery and lasting peace."