Is there some dispute over whether FDR was a socialist?
Thirty years ago, President Bush was my student at Harvard Business School. In my class, he called former president Franklin D. Roosevelt, Class of 1904, a “socialist” and spoke against Social Security, unemployment insurance, the Securities and Exchange Commission, and other New Deal innovations. He refused to understand that capitalism becomes corrupt without democratic civic values and ethical restraints.
Yoshi Tsurumi is a professor of international business at Baruch College. He earned his Doctor of Business Administration from Harvard in 1968, and he taught at Harvard Business School from 1972 to 1976.
It sounds to me like George W. Bush was a good enough student not to swallow what he was fed and regurtitate it back when the professor asked for it. It sounds to me like the professor has not learned the core lesson that most economists since Adam Smith have taught: beware the power and incompetence of the state in the management of economic affairs. Perhaps Bush (Yale, BA Economics) knew too much economics.
I'm afraid I've learned more about Baruch College than Bush.