TAILIEUCHUNG - Luận án kinh tế - "Human and action" - Chapter 36

XXXVI. THE CRISIS OF INTERVENTIONISM 1. The Harvest of Interventionism interventionist policies as practiced for many decades by all governments of the capitalistic West have brought about all those effects which the economists predicted. There are wars and civil wars | XXXVI. THE CRISIS OF INTERVENTIONISM 1. The Harvest of Interventionism The interventionist policies as practiced for many decades by all governments of the capitalistic West have brought about all those effects which the economists predicted. There are wars and civil wars ruthless oppression of the masses by clusters of self-appointed dictators economic depressions mass unemployment capital consumption famines. However it is not these catastrophic events which have led to the crisis of interventionism. The interventionist doctrinaires and their followers explain all these undesired consequences as the unavoidable features of capitalism. As they see it it is precisely these disasters that clearly demonstrate the necessity of intensifying interventionism. The failures of the interventionist policies do not in the least impair the popularity of the implied doctrine. They are so interpreted as to strengthen not to lessen the prestige of these teachings. As a vicious economic theory cannot be simply refuted by historical experience the interventionist propagandists have been able to go on in spite of all the havoc they have spread. Yet the age of interventionism is reaching its end. Interventionism has exhausted all its potentialities and must disappear. 2. The Exhaustion of the Reserve Fund The idea underlying all interventionist policies is that the higher income and wealth of the more affluent part of the population is a fund which can be freely used for the improvement of the conditions of the less prosperous. The essence of the interventionist policy is to take from one group to give to another. It is confiscation and distribution. Every measure is ultimately justified by declaring that it is fair to curb the rich for the benefit of the poor. In the field of public finance progressive taxation of incomes and estates is the most characteristic manifestation of this doctrine. Tax the rich and spend the revenue for the improvement of the condition of the poor is the .

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