Saxo Bank CEO Lars Seier Christensen warns that excessive government regulation, overtaxation and a coming economic collapse are all setting the stage for a slide into an overtly “totalitarian” society.

In a blog post entitled, What is the broader relevance of Ayn Rand for society?, Christensen adeptly describes how the predictions of the author, most famous for her 1957 dystopian classic Atlas Shrugged, are now coming to pass.

The Saxo Bank CEO argues that free market capitalism and freedom in general is under constant attack by elites whose constant intrusions into the economy and people’s personal lives are predicated around the need to justify more centralization of power.

“First, the politicians assign ever greater powers to themselves, as they manage to convince the citizens of the need for even more interference, although the problems are created by interference in the first place,” writes Christensen, citing the European Union as an example of how, “one mistake invariably leads to call for even more powers, leading to new mistakes.”