The struggle against demagoguery scarcely fits the St George-against-the-dragon myth. Our democratic St George goes out rather reluctantly with armor awry. The struggle is confused; our knight wins by no clean thrust of lance or sword, but the dragon somehow poops out, and decent democracy is victor.

Roosevelt's New Deal was not the best alternative, but it certainly was a better alternative than had been offered to the problems of our times, and it was offered with an elan, a spirit that made things go and which tended to lift up people's hearts. In retrospect, I wouldn't change many of the criticisms I then made. Yet the net result was certainly the salvation of America, and it produced peacefully, after some fashion not calculated by Roosevelt, the Welfare State and almost a revolution.

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For I can assure you that in any war, even if it does not become a world war, I do not think there will be a victor who can do much. There may be one less badly off than the other. One side or the other may have sued first for peace. The destruction will be so great, the moral erosion of the experience will be so great, that it is idle to think you’ll find liberty, walking serenely among the corpses of the dead and the agonies of the dying. There are other things to do than that if we want democracy and freedom to live; there have to be other things to do than that.

You will keep America out of the hands of communists by what you do here, you will keep it by making it seem unnecessary to the disadvantaged. It has been the New Deal, it has been democratic socialism which has been a major force from keeping the world from communism.

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The problem that confronts some of you younger ones – you’ve got to find an alternative to war. War is something men have hated but yet cherished. Out of wars have come profit of various sorts, power, glory. Sometimes out of them has become a defense of freedom. But you will not get that out of the kind of war we fight now with the weapons that our great scientists have given us. We have got to find a substitute for war, and the substitute isn’t surrender.

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We are socialists because we believe this income which we all cooperate in making isn’t divided as it ought to be. [...] We do reward men according to deed. We do reward or give to people according to need. No religion would be possible in which that wasn’t done. There are the young, there are the old, there are many whom we have to reward according to their need. But in spite of improvements that have been made, and especially perhaps by my liberal friends who aren't just sure how far to go...we still have a society where there's a great deal of reward not according to deed, not according to need, but according to breed - the choice of your grandfather is very important. And according to the successful greed, which operates not in terms of great contributions to men, but in terms of manipulations of one sort of another.

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[B]oth the communist and fascists revolutions definitely abolished laissez-faire capitalism in favor of one or another kind and degree of state capitalism. In neither form, fascist or communist, did the masses, through any sort of democratic process, either as workers or citizens, control the basic means of production and distribution .