Unlike the usual Socialist points of views, the Fabians didn't advocate complete State ownership of businesses, industry, agriculture or land, instead they sought to involve the State into very specific areas of importance such as electric power production, transportation, precious metals and of course, credit. The remaining balance of economic systems would be left to the private sector however; it would be highly regulated |
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Darren Wolfe is the former Eastern Vice Chair of the Libertarian Party of Pennsylvania. He presently blogs as the International Libertarian http://www.theinternationallibertarian.blogspot.com/ His articles have also appeared in Ammoland.com, (more...)