Arthur M. Schlesinger Jr. Quotes
The broad liberal objective is a balanced and flexible "mixed economy," thus seeking to occupy that middle ground between capitalism and socialism whose viability has so long been denied by both capitalists and socialists.
Schlesinger, Arthur M., Jr. The Vital Center: The Politics of Freedom. Houghton Mifflin, 1949.
Socialism in its then pure form had the state owning and controlling all the major assets of the nation. In this sense it was contradictory to individual freedom and hence democracy. However, in the years after Tocqueville’s quotation and the industrial revolution, socialism has gradually moved away from state ownership and operations of all institutions and resources. Democracy has tended to adopt a more regulatory view to control the excesses of unbridled capitalism. The range of democratic nations by the 21st century encompassed differences but some were described as “social democracies” and had some state ownership but were basically capitalistic economies. Even the self-described Communist nations had become heavily capitalistic albeit with less political freedom. At the same time, even the United States—the epitome of 21st century capitalism, owned and controlled a few of the resources and means of production and tended to regulate the others—a substantial difference from the American democracy which Tocqueville studied.
1st Viscount Snowden. Nationalization is when a nation or state determines that certain industries of areas of the economy should be reserved for the government to operate. Private companies, if they have been operating a nationalized industry losse their rights to continue in that business and may even lose their physica assets in which case th form is supposed to be paid a fair price. In 21st century America we have very few nationalized industries. One of these is the manufacture of nuclear weapons. Communist counties have many if not most of the economy nationalized. From the 19th century socialism has evolved from a belief that most people will best be served by nationalization of most of th major economic functions. However, over time this did not meet Socialism’s other objectives and nationalism became less popular with socialists. Snowden, a leading socialist, wanted to get rid of the concept entirely, and today there are very few situations where there are calls for nationalis. Even the few remaining communist nations are privatizing (the opposite of nationalizing) some of their economy.
This rigid view left no room for regulation which is what almost every modern industrial democracy has chosen. To some of his extremist followers, any government regulation of business or the economy whatsoever, regardless of how little, means that the nation has embraced socialism. It is in this sense that many extreme right wingers viewed Presidents like Franklin Delano Roosevelt, Harry Truman, John Kennedy, Bill Clinton, and Barack Obama as socialists while they saw themselves as opponents of socialism.
Arthur Meier Schlesinger Jr. was an American historian, social critic, and public intellectual. The son of the influential historian Arthur M. Schlesinger Sr. and a specialist in American history, much of Schlesinger's work explored the history of 20th-century American liberalism. In particular, his work focused on leaders such as Harry S. Truman, Franklin D. Roosevelt, John F. Kennedy, and Robert F. Kennedy. In the 1952 and 1956 presidential campaigns, he was a primary speechwriter and adviser to the Democratic presidential nominee, Adlai Stevenson II. Schlesinger served as special assistant and "court historian" to President Kennedy from 1961 to 1963. He wrote a detailed account of the Kennedy administration, from the 1960 presidential campaign to the president's state funeral, titled A Thousand Days: John F. Kennedy in the White House, which won the 1966 Pulitzer Prize for Biography or Autobiography.
