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Monday, November 09, 2020

“Tutto nello Stato, niente al di fuori dello Stato, nulla contro lo Stato”—Benito Mussolini

 Mussolini's fascist slogan, translated as "everything for the state, nothing outside the state, nothing against the state," is the underlying theme of an article published by Mariana Mazzucato on Time Magazine's Web site as It's 2023. Here's How We Fixed the Global Economy.

This utopia, straight out of the fascist playbooks of the 1920s and 1930s, and possibly even owing an intellectual debt to Edward Bellamy's Looking Backward, will have its own Albert Speers bringing forth the next generation of fascist architecture. One wonders why this splendid utopia has not been brought forth in the past, as Bellamy's book projected; and why so many of the attempts to achieve heaven-on-earth have succeeded primarily in bringing hell-on-earth to the world in addition to the domestic population.

We only need to look to California, our own little laboratory of utopian social engineering, to observe the results of efforts that Mazzucato would endorse. Escalating homelessness, a failing high-speed rail project, and a power grid, due to an emphasis on renewables, that is inadequate to meet demand are just the high points for a state that is losing large numbers of businesses and citizens due to high costs, taxes, and regulations.

It leads one to wonder, who is it that really ignores empirical data? How is it that success stories like Hong Kong (created by John Cowperthwaite and described by Milton Friedman) and post-World-War-2 Germany (the German Wirtschaftswunder, heavily influenced by the economic liberal and Mont Pelerin Society member Ludwig Erhard) are ignored. And why is it that failures like Nazi Germany, Fascist Italy, the Soviet Union, North Korea, etc. are also ignored. At this moment, I believe it is due to our imaginations—our imaginations that make it possible to believe in a return to the Garden of Eden.

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