Image from RKA History Resource Data Bank
A SELF-CORRECTING SYSTEM
AN UNVARYING symptom of economic recovery in the United States is a rebirth of confidence in our form of government.
In periods of major depressions pessimism recurs concerning our political and economic setups.
Hard times bring an overproduction of fallacious remedies and crackpot proposals.
The recent series of Supreme Court decisions have clarified the atmosphere.
Raymond Moley, in a recent symposium on various schemes for changing our form of government, made an effective plea for the Democratic idea, saying:
“It (democracy) is essentially a self-correcting system of government. It does not contemplate the hardening of society into a single form. It is not subject to the capricious instincts of a single individual as in Fascism. It does not contemplate, as a major premise, the deadly uniformity that Socialism postulates in its proposed organization of economic life. It does not, as does Communism, contemplate the abolition of established institutions through a mere transference of autocratic power. In essence it is a system sufficiently flexible to conform to the requirements of human beings who have reached a stage of literacy and of organized intelligence.“
The Gibraltar-like strength of the American system is in its flexible capacity for growth and progress.
A reading of history shows that in depressions we merely take one step backward before taking two steps forward.
Intelligent management of affairs involves a capacity to diagnose the true causes of depression and a determination not to be fooled by irrelevant attempts to raise extraneous issues.
The dissipation of the fog of silly reasoning by the lucid opinions rendered by the court creates the conditions suitable for a new era of accelerated progress and quickened economic recovery.
Rochester Evening Journal (Rochester, New York) Jun 18, 1935
RAYMOND MOLEY- from The Encyclopedia of Cleveland History:
In Jan. 1932, Franklin D. Roosevelt asked Moley to assemble advisors to develop programs for his presidential campaign; Moley selected mainly Columbia professors, who became the “Brain Trust.”
Moley wrote speeches and advised FDR in 1932-33. He resigned in Aug. 1933 over conflicts with Secretary of State Cordell Hull, but continued to advise and write speeches for FDR on a part-time, non-paid basis until 1936, when he grew disillusioned with New Deal hostility to business and FDR’s increasing involvement in foreign affairs. In 1933 Moley became editor of Today magazine, remaining after the 1937 merger with Newsweek, until 1967. In 1941 he began a nationally syndicated tri-weekly newspaper column. He wrote 19 books.
Moley was a senior advisor to Republican presidential aspirants Wendell Willkie, Barry Goldwater, and Richard Nixon. In 1970 he received the Medal of Freedom.