This was India from 1947 (Independence) to 1991 (Suicidal Point)

by Abhishek

Interventionism (economic)

A “mixed economy” is a society in the process of committing suicide.

If a nation cannot survive half-slave, half-free, consider the condition of a nation in which every social group becomes both the slave and the enslaver of every other group. Ask yourself how long such a condition can last and what is its inevitable outcome.

When government controls are introduced into a free economy, they create economic dislocations, hardships, and problems which, if the controls are not repealed, necessitate still further controls, which necessitate still further controls, etc. Thus a chain reaction is set up: the victimized groups seek redress by imposing controls on the profiteering groups, who retaliate in the same manner, on an ever widening scale.

“The Cold Civil War,” The Ayn Rand Column, 18