So says Chris Whalen here, in reply to Roubini:
[D]espite America’s pretensions to being a free market, democratic society, the Marxian world view won the battle for ideas in the 20th Century. The New Deal and Great Society efforts to increase the scope of government in America all stem from the socialist ideas of FDR and his political heirs in both parties.
Which explains, among other things, Paul Krugman.
