The New Deal functioned as a rehearsal for wartime economic management

Evidence

Whether one believes that Franklin Roosevelt’s New Deal ended the Great Depression, or that it was the war that did it, one thing is clear: the New Deal also changed global capitalism profoundly. The New Deal’s public works projects, its social welfare programmes and, above all, its public finance instruments, together with stringent controls over what bankers could get away with, constituted a full-on dress rehearsal for the War Economy. — Yanis Varoufakis, Technofeudalism, 139

Categorization

• XREF: connects to: World War II fused American business and government into a shared managerial elite — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 146; The New Deal did not alter the structure of the American economy; Wartime state control proved economies are politically moldable — Gary Mongiovi, Austerity Is an Antidemocratic Strategy…, 29

Broader Connections

• Wartime state control proved economies are politically moldable #expands (0.80) — Gary Mongiovi, Austerity Is an Antidemocratic Strategy…, 29
• The New Deal did not alter the structure of the American economy #qualifies (0.75)