The Coming Progressive Corporatism
The economic policies being implemented in the U.S. now are closer to the economic model of a certain European country in the 1930s than to outright state-owns-all socialism:
Perhaps a more timely book to read than even Hayek would be Mises’s Omnipotent Government and in particular the sections on the German economic model of national socialist policy. Our current policy path seems more along those lines, [rather than] outright expropriation of private property by the government. In the German model, Mises argued, private ownership was nominally maintained and the appearance of normal prices, wages and markets was kept. But in reality entrepreneurs were replaced by government-appointed shop managers, and the government dictated how the “capitalist” must use his funds and what wages workers must work for. Government effectively controlled production and distribution.
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