Is the increasing scale of populist short-sighted economic state interventionism and the growing influence of the state in the economy generating emerging economic and/or financial and social crises that are increasingly serious, increasingly severe for society?

It has happened on more than one occasion that attempts to significantly increase the scale of "manual control" of the economy, economic state interventionism, expansion of public sectors, the system of central institutions, government-controlled public institutions and enterprises operating as state-owned companies, etc., have ended in the occurrence of another economic and/or financial crisis, larger than the previous ones. Economic crises, including raw material crises, were more than once initiated by the unexpected occurrence of certain external factors such as a sudden and rapid increase in the price of raw materials and/or also other production factors. This happened during the raw material crises of the 1970s. The government, in the situation of the development of a raw material crisis, in an attempt to limit the scale of this crisis and the scale of the also developing economic crisis, the increasing level of unemployment and the decrease in economic activity of companies and enterprises, changes its economic policy by introducing certain additional, interventionist, anti-crisis solutions and instruments of fiscal, monetary policy, etc.

The scale of the state's influence in the economy has been growing in Poland in recent years. An increase in the scale of the so-called anti-crisis economic state interventionism; an increase in the scale of the introduction by the government into the economy of additional money not bound by the parity of produced economic goods as an element of interventionist shaping of economic processes; an increase in the scale of the participation of the state treasury in the shareholding of companies and enterprises of some, including strategic sectors of the economy; an increase in the scale of monopolisation of markets by sectors in which corporations dominated by the state treasury operate; the creation by people working in the government of new institutions, agencies, foundations, institutes, etc., which pursue the combined interests of decision-makers, political parties and sometimes also informally linked to business. pursuing the combined interests of decision-makers with the objectives of political party functioning and sometimes also informally linked to business; the increasing scale of the use of central banking monetary policy instruments and fiscal policy instruments in government economic programmes pursuing specific objectives in the increased scale of state influence in economic processes; the increasing scale of the state's system of public finances in the context of the overall finances realised in the economy; the increasing scale of indebtedness of the state's system of public finances without an analogous scale of the increase in investments realised within the framework of the public and commercial sectors of the economy are only some of the key aspects of the increase in the scale of economic state interventionism that has taken place in recent years.

In view of the above, I address the following question to the esteemed community of scientists and researchers:

Is the increasing scale of populist short-sighted economic state interventionism and the growing influence of the state in the economy generating the emerging economic and/or financial and social crises that are becoming more and more severe for society?

And what is your opinion on this?

What is your opinion on this subject?

Please respond,

I invite you all to discuss,

Thank you very much,

Best wishes,

Dariusz Prokopowicz