There is no such thing as a normal period of history. Normality is a fiction of economic textbooks. - Joan Robinson

It is much easier to organize control over one industry serving many markets than over one market served by the products of several industries.

It is a popular error that bureaucracy is less flexible than private enterprise. It may be so in detail, but when large scale adaptations have to be made, central control is far more flexible. It may take two months to get an answer to a letter from a government department, but it takes twenty years for an industry under private enterprise to readjust itself to a fall in demand.

If there is any law governing the distribution of income between classes, it still remains to be discovered.