Monday, December 23, 2013

Statism

Since the end of the 19th century with the return of neo-mercantilism, countries all over the world have adopted a religion of statism in the form of central planning. This form has diverse names. You can call it mixed economy, interventionism, corporatism, crony capitalism, or fascism if you want. Now that the results are becoming unpleasant, governments are looking for a scapegoat - free market capitalism. Most people are unaware that statism caused the existing global economic crisis with its programs of state welfare, state supported trade unions, state created business monopolies, and state inflated monetary supply.


Sources:

Faustino Ballve, Essentials of Economics

Gary North, Tentmakers

The Mont Pelerin Society