"The New Deal's enmity for that system of free and competitive private enterprise which we call capitalism was fundamental"

Garet Garrett's quote is referring to the New Deal, a series of financial programs implemented by President Franklin D. Roosevelt in the 1930s to combat the effects of the Great Depression. Garrett is indicating that the New Deal was hostile towards capitalism, which is an economic system based on private ownership of the ways of production and the development of goods and services for revenue. Garrett is recommending that the New Deal was a hazard to the free market system of industrialism, which relies on competition between organizations to drive innovation and financial growth. He is indicating that the New Deal was an attempt to replace the free market system of industrialism with a more government-controlled system. Garrett's quote is a criticism of the New Deal and its viewed hostility towards commercialism.