The Useful State

The Useful State by Robert Misik, July 10, 2015
“With slogans like “Less State, More Private,” the state was run down for years. Neoliberal ideology managed to present it as a bureaucratic monster that lives off the economy with high taxes, dubious economics and waste… Banks were bailed out… In the emergency, the most wicked neoliberal becomes the state fan…

The whole history of great innovations from the railroad revolution and the massive exploitation of water power to basic research leading the way shows that the state could take enormous risks…A successful innovative capitalism always needed a strong activist state… Wealth is not produced by private enterprise businesses and then unjustly appropriated by the state via taxes. In reality, wealth is produced socially.”

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