Which political ideology can fill in the blank…?

[blank] opposed laissez-faire economic policies dominant in the era prior to the Great Depression. After the Great Depression began, many people from across the political spectrum blamed laissez-faire capitalism for the Great Depression, and [blank] promoted their ideology as a "third way" between capitalism and communism. [blank]declared their opposition to finance capitalism, interest charging, and profiteering. Some [blank], considered finance capitalism a parasitic conspiracy. [blank] governments nationalized some key industries, managed their currencies and made some massive state investments. [blank] governments introduced price controls, wage controls and other types of economic interventionist measures.

Other than nationalization of certain industries, private property was allowed, but property rights and private initiative were contingent upon service to the state. For example, "an owner of agricultural land may be compelled to raise wheat instead of sheep and employ more labor than he would find profitable." The [blank] Charter, promulgated by the [leaders], stated "The [blank] State considers private initiative, in the field of production, as the most efficient and useful instrument of the Nation", then goes on to say: "State intervention in economic production may take place only where private initiative is lacking or is insufficient, or when are at stakes the political interest of the State. This intervention may take the form of control, encouragement or direct management."

[blank] thought that private property should be regulated to ensure that "benefit to the community precedes benefit to the individual." They also introduced price controls and other types of economic planning measures.

What ideology accurately fills in the blank?

4 Responses to “Which political ideology can fill in the blank…?”

  1. ss_brakey Says:


  2. John Holmes Says:


  3. WereTurtle Says:

    Logical Positivism!

  4. Jim G Says:

    Idealistic Socialism.