The state still has huge control over resources, whether directly through state-owned enterprises, monopoly control of industries from railways to mining or the distorted financial system, where interest rates are artificially depressed and access to credit is influenced by politics.
Economist Mohan Guruswamy of the Center for Policy Alternatives observed that "There is still a distrust of private capital and foreign capital, and a consensus on state control of industries that cuts across parties.
Newly independent republics, such as Iraq and Syria, opted for strong executives backed by pervasive policing, and state control of industry and the media.
The complicated bureaucratic control of industry did not endear him to capitalists after 1926; on the other hand, he collaborated successfully with the UGT while suppressing the CNT.
The welfare reforms, and to a lesser extent the great experiment of state control of industry, had a profound effect on the way the people saw themselves and their country.
Writers such as Henry L. Gannt, Thorstein Veblen, and Howard Scott suggested that businessmen were incapable of reforming their industries in the public interest and that control of industry should thus be given to engineers.
"The government has lost control of industry," says Jiang Lin of America's Lawrence Berkeley National Laboratory.Moreover, the goals of reducing pollution and mitigating the effects of climate change sometimes conflict.
One Dutch politician told me that Sanders reminds him of Michael Foot, the head of the British Labour Party in the early eighties, a socialist at heart who struggled against Margaret Thatcher, and who wanted to bring back government control of industry and enhance the power of labor unions.
Such a massive shift in control of industry profits is unprecedented and speaks to the growing value of software in the cell phone industry.
Ironically, even though he's fought to prevent government control of industry, Sanders is considered a socialist by the same people who eagerly bailed out these institutions.
Important to the industry, the act provides investment protection against delays in licensing and startup that are beyond the control of industry, including litigation.
