Don’t ask me why, but FDR is on my mind. He may be one of the most misunderstood figures today. He was called a traitor to his class, but Franklin Delano Roosevelt may have been its most cunning defender.

There’s a popular view of FDR today — especially in online discourse — that paints him as a kind of proto-Bernie Sanders. A progressive crusader. An enemy of big business. Maybe even a socialist. But this view overlooks something important: Roosevelt was, to the end, a patrician. Born into wealth, educated at Groton and Harvard, cousin to Theodore Roosevelt, married into more Roosevelt[1] — he was the very image of old money, and he never stopped being that. It’s often said that contracting polio and becoming disabled humbled him and somehow made him more compassionate to the working class. While there may be some truth there, it’s far from the whole story.

What makes Roosevelt interesting, and what makes the New Deal such a fascinating historical pivot point, is not that he rejected his class. He didn’t. It’s that he understood the threats it faced, and moved strategically  — not ideologically — to preserve it.

America on the Brink

The 1930s weren’t just a time of economic hardship. They were a time of rising political radicalism. Unemployment reached 25 percent. Banks failed in droves. People starved, migrated, and despaired. In some places, farmers staged armed protests. In others, workers occupied factories. The Socialist Party under Norman Thomas drew real support. The Communist Party (funded at least in part by the Soviets) gained traction in unions and in literature. Even Huey Long’s Share Our Wealth movement, populist rather than Marxist, threatened the existing order with its promise of radical redistribution. People were angry and they embraced socialism and communism in a way that may shock us today. Even Helen Keller embraced it![2]

Roosevelt, watching all this unfold, knew that capitalism was on the ropes. He didn’t set out to end it, as modern conservative and MAGA voices would have you believe. He set out to save it.

“I am fighting to save the system,” he once told a conservative critic. Not replace it — save it.

The New Deal as a Safety Valve

The New Deal was a patchwork of experiments. Some worked, some didn’t, and many contradicted each other. But the overall effect was to stabilize the country. It did so by:

• Providing relief (jobs, food, housing) to the suffering
• Enacting reform (regulation of banks, stock markets, labor practices)
• Creating new government roles (Social Security, the FDIC, public works projects) to make sure capitalism didn’t devour itself again

These programs undercut the appeal of more radical movements. They offered just enough redistribution to calm the pitchforks. Critics on the right called it socialism. But actual socialists knew better — they called it coöptation. The New Deal didn’t challenge the fundamentals of capitalism; it adjusted them just enough to make the system tolerable for the many, so that the few could continue to benefit.

In that sense, Roosevelt may have been the most effective anti-communist of his era. He didn’t outlaw the movement. He made it irrelevant.

A “Traitor” to His Class?

Some called him that. But many of the wealthiest Americans recognized, eventually, that he had saved their position. It was either a reined-in capitalism — or no capitalism at all.

That may seem like an overstatement, but it wasn’t. America was primed for a revolution. If nothing was done, we could have easily seen tensions explode into something similar to the Russian Revolution or even the French Revolution. What FDR did, he did to prevent this.

The great irony is that many today who benefit from the system FDR salvaged see him as an enemy of that system. But those close to the situation at the time knew what was at stake.

As historian Arthur M. Schlesinger Jr. put it: “He was not a socialist. He was a liberal — one who believed that the state had to act to protect the system from its own excesses.”

Roosevelt didn’t think capitalism was evil. He thought unregulated capitalism was stupid. And he had the political courage — and the privileged vantage point — to do something about it.

Final Thoughts

FDR didn’t save the workers from capitalism. He saved capitalism from the workers.

That bears repeating: He saved capitalism from the workers.

In doing so, he ensured that the United States would remain a capitalist country long after the dust of the Great Depression had settled. That’s why, to this day, the New Deal stands as one of the boldest acts of political pragmatism in American history.

It wasn’t a revolution. It was a pressure release.

And it worked.

If any Roosevelt flirted seriously with the ideas of socialism, it wasn’t Franklin — it was Theodore.

Does that surprise you? You probably have this idea of Teddy Roosevelt as this flag-waving and gun-slinging cowboy. Well… he was. But he was also much more progressive than you’d believe.

Especially in his later years, the elder Roosevelt turned hard toward progressive reform. His Square Deal, and later his calls for a New Nationalism, were arguably more radical than anything FDR attempted. TR talked openly about breaking up monopolies and redistributing opportunity, not just rescuing the system from itself. He didn’t want to patch the leaky pipes — he wanted to redesign the plumbing.

FDR wasn’t so reckless. His genius was in knowing how much change the system could bear without breaking — and how little it could afford to ignore.

And now, as we find ourselves in another Gilded Age, where the distribution of wealth is nearly as lopsided as it was back then and the excesses of capitalism are once again alienating the working class… I wonder if another FDR will come along, someone to tweak things just enough to prevent it from all falling apart.

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