Except that the state doesn&#x27;t take any sort of a long term view, unless you consider the next election a &quot;long term&quot;.  The state can&#x27;t do anything to benefit the economy- by definition all the money spent by the state was taken via taxation or inflation, in both cases taken out of the private economy exactly at the point where they would otherwise be invested in economic growth... and the state is notoriously terrible at allocating that money (most of which is spent bombing people, or preparing to bomb people.)