What specific legislation is based on these labor theory of value, profit is theft, etc.? I am curious. These are slogans used by political operatives not active policies.
The bottom line is that with respect to the size of government both the left and the right have pragmatically responded the realities of the modern world -almost accidentally and certainly incrementally enacting similar policies. Currently we have little problem because the republicans painted themselves in a corner and are using the rhetoric of the right to almost try to escape the consequences for wanting their cake an eat it two, They should have cut the govt when it would not have been noticed but didn't.