2016 Reprint of Undated Original Edition [Circa 1965]. Full facsimile of the original edition, not reproduced with Optical Recognition Software. This gives a succinct account of Rothbard's view of the state. Following Franz Oppenheimer and Albert Jay Nock, Rothbard regards the state as a predatory entity. It does not produce anything but rather steals resources from those engaged in production. In applying this view to American history, Rothbard makes use of the work of John C. Calhoun How can an organization of this type sustain itself? It must engage in propaganda to induce popular support for its policies. Court intellectuals play a key role here, and Rothbard cites as an example of ideological mystification the work of the influential legal theorist Charles Black, Jr., on the way the Supreme Court has become a revered institution. A wealth of citations and references supports the basic premise.

"Even the most superficial readers of the popular Press know today that Communism means the public ownership of the means of production. Fascism, on the other hand, Is still regarded principally as a political movement; The economic implications of the term are generally ignored. the meaning of the term ''corporate state' is unkown even to people whose general intelligence and special knowledge of foreign affairs and of economics is well above the average." -Paul Einzig