“State intervention in economic production arises only when private initiative is lacking or insufficient, or when the political interests of the State are involved. This intervention may take the form of control, assistance or direct management.”

Did he mean this as an observation of truth or as a planned policy? As an observation I think it has a lot of truth. Since recorded history and prior we can see evidence of certain individuals setting themselves up as leaders or as "the state" and marshalling large groups for "political interests" or personal aggrandisement or to exalt the self, or simply because they looked down upon or sneered at some others whom they felt were wasting their lives due to lack of initiative. Thus we have warrior kings, pyramids, etcetera all examples of "state political interests".

State intervention in economic production arises when ever it can force its position (which is eventually - always) because the political interests of the despotic State are always involved ... hmmmm.

Sort of reminds me of the latest government folly, I refer to the "Bailouts".

Sounds like the US government today as well as most socialistic nations. Had Waffler thought the quote was from Clinton, it would have garnered 5 stars.

Ala "Invasion of the Body Snatchers" (google it) the real US died long long ago, and what now walks around in a macabre parody of that long-dead nation is one Mussolini would have solid, growing satisfaction with.

Good description of Fascism. Right where we are headed. Why not 5 stars for agreement with him waffler? Quote very instructive. Many run to the polls to vote for a government like this because of ignorance.

We would be well advised to pay attention, lest history repeats itself.

Any degree of applied Keynesian economics has proved destructive to prosperity and the many's wealth securement and increase. Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods has been demonstrated over and over and over again to be diametrically opposed to nature's endowed inalienable rights of individual sovereigns, the laws of nature and of nature's God, justice, equality, prosperity and peace.

Anyone who has ever been in the military like myself has seen the waste and ineffectiveness of total government control.