(See FABIANISM.) (See LIBERALISM.)
bkMarcus
[bk]
As Fabians to the core, Social Democracy gave a pseudo-progressive and idealistic tone to the the state monopoly capitalism of the New Deal, comfortably assumed a large portion of power, and eagerly came to give "liberal" and socialist coloration to the Cold War and the Permanent War Economy that prevails in the United States.
Murray Rothbard, "Liberty and the New Left"
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