Private investment dries up; state investment takes its place. Private enterprise fails to take care of the unemployed; the state gives them jobs. Foreign trade cannot be conducted successfully and profitably on a capitalist basis; the state establishes export and import controls and monopolies. Private enterprise can no longer handle the great projects (roads, dams, steamship lines, electrical plants, shipbuilding…) required to keep contemporary society going; the state intervenes. There is nothing arbitrary about the extension of the state into the economy. It is not the result of a plot or
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