"After the two Roosevelts, America was no longer an essentially capitalist country with a sprinkling of controls. Nor was it a socialist country. It was, and still is, a modern “mixed economy,” with the philosophic base and the political future that this implies. In a mixed economy, one of the two elements gradually withers away. That element is not the state.
America had beaten the Fascists. It had stamped out Hitler. But it was turning into the Weimar Republic."
Leonard Peikoff, The ominous parallels, 1982
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