"Obamas Long Live Karl Marx Speech Their philosophy is simple: we are better off when everyone is left to fend for themselves and play by their own rules. Well, Im here to say they are wrong Its a simple theory one that speaks to our rugged individualism and healthy skepticism of too much government. It fits well on a bumper sticker. Heres the problem: It doesnt work. Its never worked. It didnt work when it was tried in the decade before the Great Depression. Its not what led to the incredible post-war boom of the 50s and 60s. And it didnt work when we tried it during the last decade. For this, Roosevelt was called a radical, a socialist, even a communist .