It plugs every avenue to progress and leads only to the dead level of mediocrity. No individual is permitted to gain or lose, succeed or fail - as though evolution could occur without birth and death. Keynes was under no illusion as to the consequences of the intervention be advocated. Forced equalization as a method for survival in the short run leaves man without means or purpose for the long run. No one bothers to specialize or save or attend to the processes of continuing production - unless he is allowed to retain and enjoy the fruits of such effort.
Compulsory collectivism is indeed a conspiracy, a combination in restraint of trade.
We smile knowingly, and sadly, at the reports of the destruction of machinery by workers in the textile mills in the early stages of the industrial revolution. They thought their jobs and means of livelihood were being threatened by the new spinning jennies and looms. Today we know very well the futility of trying to earn a living spinning thread by hand or trying to weave without the latest power loom equipment. We know how shortsighted were the early factory workers with their silly combinations in restraint of trade. In the first place, and to the extent that he has a choice, he can withdraw his support of such harmful actions.