Unrestrained capitalism has given way to a new historical period, to our own period of political interventionism, of the economic interference of the state. Interventionism has assumed various forms. There is the Russian variety; there is the fascist form of totalitarianism; and there is the democratic interventionism of England, of the United States, and of the ‘Smaller Democracies’, led by Sweden10, where the technology of democratic intervention has reached its highest level so far.
