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The invisible hand in this world is the state, or the "public powers" to use the French term, whose role is to tame companies, protect workers and hold sway over economic growth with public spending.

Because all the State does is spend (implicitly, waste) money. No mention of its role as a regulator, as a planner, and as an investor in the future.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Apr 10th, 2006 at 04:30:11 AM EST
regulator, planner, investor, huh?

That would be : "hold sway over economic growth with public spending".

It was all in there, you just needed to look...

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Apr 10th, 2006 at 08:40:20 AM EST
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