Earlier quoted context omitted.
I interpret it as socially conservative, but preferring strong state involvement in economy. Personal liberty is not very important. There can be rich people, but they are to be humbled by a powerful government. A very extreme example of such a regime is the National Socialist Germany.
That description, and your example, are in no way "left-wing."
I think that "preferring strong state involvement in economy" is a very traditional "left-wing" policy.
Regarding social conservatism, even extreme left-wing governments have often been socially conservative in many issues, even if they wanted to shake power structures. Consider, for instance, how stalinist Soviet Union related to homosexuals.