“It was this administration which saved the system of private profit and free enterprise after it had been dragged to the brink of ruin.” President Roosevelt, on how his emergency actions in 1933 prevented a revolution and saved capitalism.

FDR was an elitist and a racist, but he understood that capitalism couldn’t survive that moment by continuing a hard line against interests of the citizenry. The new deal was another compromise to protect the establishment from causing it’s own destruction.