Barnett is not giving a recipe for a free market and there is no mention of Hayek's (1944) warning about the state in The Road to Serfdom. What he appears to think ought to have happened can only be imagined on the basis of a much more powerful central direction, much less deferential to public opinion... The alternative implied here is that of Bismarck's State, which so many British educational reformers admired, with a specific industrial policy and close involvement in the scientific, education, transport and energy infrastructure—the remit given to the state by Oswald Mosley in 1931 and which Mussolini and Salazar attempted to implement. Whether, even under such a regime, Britain could have remained competitive vis-à-vis the United States, Germany and Japan is unlikely; that the electorate would have stood for it, inconceivable. But the Bismarckian state kept the unions and the public in their places: and, Barnett implies, Britain's soft democratic system ought to share the blame with the utopian intellectuals.
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "Barnett is not giving a recipe for a free market and there is no mention of Hayek's (1944) warning about the state in The Road to Serfdom. What he appears to think ought to have happened can only be imagined on the basis of a much more powerful central direction, much less deferential to public opinion... The alternative implied here is that of Bismarck's State, which so many British educational reformers admired, with a specific industrial policy and close involvement in the scientific, education, transport and energy infrastructure—the remit given to the state by Oswald Mosley in 1931 and which Mussolini and Salazar attempted to implement. Whether, even under such a regime, Britain could have remained competitive vis-à-vis the United States, Germany and Japan is unlikely; that the electorate would have stood for it, inconceivable. But the Bismarckian state kept the unions and the public in their places: and, Barnett implies, Britain's soft democratic system ought to share the blame with the utopian intellectuals." in the context of "Keith Middlemas, review of The Audit of War in the Journal of the Royal Society of Arts, Vol. 135, No. 5371 (June 1987), pp. 533-534" to mean that wisdom is timeless.