Suvremena kapitalistička država i njezin intervencionizam
The Modern Capitalist State and Its Interventionism in the Economy

Summary/Abstract: The father of the idea of state interventionism in the economy was J. M. Keynes. His proposals were embraced and implemented by President F. D. Roosevelt in the United States in his New Deal scheme designed to overcome the consequences of the great economic crisis of 1929—1933 and to protect the capitalist system. Keynes's traditional measures of state interventionism were effective until the early seventies, but they proved inadequate to deal with the recent problems of a structural character, as seen in particular in the economic crisis in the mid-seventies and early eighties Modern state interventionism is particularly evident in the economic bases of society. In addition to the growing expenditure for legitimation functions, government investments and subsidies in particular industries are also growing (especially those affected by the scientific and technological revolution). The state assumes some of the costs of research and development programmes, protects sectors with declining profit rates, etc. The growing state expenditure may result in the state’s fiscal crisis, which is currently the subject of intensive study by contemporary bourgeois economists.

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