Via the Institute for Economic Affairs, we discover the state devouring the economy – ie, the cooperative actions of free people – for over a century:

See also The Times Online, ‘Soviet’ Britain swells amid the recession:

The state now looms far larger in many parts of Britain than it did in former Soviet satellite states such as Hungary and Slovakia as they emerged from communism in the 1990s, when state spending accounted for about 60% of their economies.

And Mises in Planning for Freedom:

The middle-of-the-road policy is not an economic system that can last. It is a method for the realization of socialism by installments.

And so it is coming to pass: a pity socialism means despotism and ruin, not utopia. There is another way.

See also

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