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It also ushered in state intervention and economic planning on an unprecedented scale.
But they share a belief in state intervention that unites most of the French political elite.
Mr. Janiszewski, of Deutsche Bank, sees a major problem in state intervention because, he said, "the government has no guts to reverse the situation in a decisive way".
And that increase in state intervention is just a curtain-raiser for the massive infrastructure blow-out that General Secretary Obama is promising.
"It is not UK practice to legislate on cultural issues unless absolutely necessary, and it has been successive governments' policy to maintain a healthy distance from cultural operators and artists: we do not believe in state intervention in these areas".
Both said they rejected the neo-liberal belief that everything can be left to the market, but also saw the traditional left-of-centre faith in state intervention in the economy as outdated.
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The banking system is rapidly deleveraging, privatisations are moving ahead, structural reforms are being approved, whether in the labour market or in reducing the state intervention in the economy.
Henry IV believed in direct state intervention, and he took steps to fix wages and to prohibit strikes and illegal combinations of workmen.
The financial crisis and subsequent government bailouts prompted some American policy makers to wonder if their steadfast belief in minimal state intervention had run its course.
Grant TM, Ernst CC, Streissguth A, Stark K. Preventing alcohol and drug exposed births in Washington state: intervention findings from three parent child assistance program sites.
They're willing to entertain ideas that were unthinkable when I was in college: more state intervention in rental and housing markets, free tuition at public universities, single-payer health care, and more.
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