PREVIEW: #NEWDEAL: Conversation with Hoover Fellow David Davenport on the discovery in research that FDR and his aides not only believed that the crisis was a good moment to experiment with progressive government but also that the president believe that c

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John Batchelor

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🗓️ 7 April 2024

⏱️ 3 minutes

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PREVIEW: #NEWDEAL: Conversation with Hoover Fellow David Davenport on the discovery in research that FDR and his aides not only believed that the crisis was a good moment to experiment with progressive government but also that the president believe that capitalism had failed and so the government must take charge of the economy. More later tonight.

1936 Lowell Thomas and FDR

Equality of Opportunity: A Century of Debate Hardcover – by David Davenport (Author), Gordon Lloyd (Author)

Transcript

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0:00.0	This is John Bachelor, conversation with David Davenport of the Hoover Institution,
0:05.0	his new book A Century of Debate, A Quality of Opportunity,
0:10.0	with his colleague Gordon Lloyd. What we're looking at here is the question how the
0:17.4	in this particular instance how the Great Depression affected government, especially the New Deal.
0:25.0	And David speaks here to a discovery that he and his colleague made while doing research for equality of opportunity.
0:35.8	That is that Roosevelt and his counselors not only believe there was an opportunity here for
0:40.5	progressive solutions, the Great Depression, 25% unemployment coast to coast despair.
0:47.8	But also that capitalism was finished, was played out that the government had to step in now as David says we don't need
0:58.6	more factories that's actually a Roosevelt remark is is David Davenport to introduce the discovery that he made in researching his
1:06.6	book A Quality of Opportunity, which is how Americans think of their opportunities here in America is that everybody starts on a playing field and you make the best you can a quality of opportunity.
1:22.0	David Davenport, the Hoover Institution, a century of debate, equality of opportunity.
1:28.0	How did the New Deal regard capitalism?
1:32.0	Yes, there's again, you know, it's a little hard when you're trying to go back in history and
1:37.1	understand people, you know, motives and deepest thinking.
1:41.7	We had assumed that the main line of thinking of the progressives was what we call
1:47.7	the Rama Manual School of Public Policy, never let a good crisis go to waste, it gives you
1:52.4	a chance to do things you couldn't do before.
1:54.8	So we would assume that what the progressives were thinking was, well, the depression actually
1:59.8	gives us an excuse, an opportunity, a crisis, and we can turn toward progressive ideas more readily
2:05.3	in this kind of crisis. But then we discovered this second strain of thinking among Roosevelt's
2:11.9	chief economic advisors that capitalism had sort of run its course and Roosevelt
2:16.5	himself will say in speeches, we don't need more factories and we don't need more businesses.
	...

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