The New Deal is not Stalinism and not Nazism. It is not even a direct American analogue of them, for the New Deal is far more primitive with respect to managerial development, and capitalism is not yet over in the United States. But no candid observer, friend or enemy of the New Deal, can deny that in terms of economic, social, political, ideological changes from traditional capitalism, the New Deal moves in the same direction as Stalinism and Nazism. The New Deal is a phase of the transition process from capitalism to managerial society.