Clearly, all this calls for a re-appraisal of
values. A mere builder of more industrial plants, a creator of more railroad
systems, an organizer of more corporations, is as likely to be a danger as a
help. The day of the great promoter or the financial Titan, to whom we granted
everything if only he would build, or develop, is over. Our task now is not
discovery, or exploitation of natural resources, or necessarily producing more
goods. It is the soberer, less dramatic business of administering resources and
plants already in hand, of seeking to reestablish foreign markets for our
surplus production, of meeting the problem of under consumption, of adjusting
production to consumption, of distributing wealth and products more equitably of
adapting existing economic organizations to the service of the people. The day
of enlightened administration has come.
Prof. Moreno claims that this is the only time in the 32 campaign that FDR gave an idea of what he would do as president.
Just as in older times the central government
was first a haven of refuge, and then a threat, so now in a closer economic
system the central and ambitious financial unit is no longer a servant of
national desire, but a danger.