The planned economy is imperative in socialism. It is by the method of planning the economy that the socialist attempts to actualize his ideals. One way he can achieve his goals is to dissolve private enterprise and organize a planned economy centralized in the state.
The Founding Fathers were well read in the areas of economics, political separation of powers, and the rule of law with an in-depth knowledge of history. Understanding their background may be why W.C. Skousen in "The Five Thousand Year Leap" commented,
“If men were angels, no government would be necessary,” wrote James Madison in 1788. It would be disingenuous to assert that all the founding fathers agreed on the extent of the federal government, but they all agreed that government was necessary.