Private enterprise proves unable to keep the productive process going; the state therefore steps in. Modern total war demands the co-ordination of the economy; this can be done only through state control. 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,
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