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Economic and political systems are conceptually different, though there is a lot of feedback between them. It is dangerous to treat them as entirely separate,
by lotharbot 17y ago
Economic and political systems are conceptually different, though there is a lot of feedback between them. It is dangerous to treat them as entirely separate, and also dangerous to treat them as exactly the same.
The specific criticism offered, namely companies retaining power due to legislative or regulatory influence, is at its core a political problem (with political solutions -- changing the way regulations and regulator-business relationships are handled.)
- exit 17y agothe "political problem" is that those enacting the political system are unavoidably susceptible to the same modus operandi which capitalism prescribes for the economic system - the self-interested pursuit of wealth. "Economic and political systems are conceptually different, though there is a lot of feedback between them." this reminds me of wave particle duality. energy/matter qua wave is conceptually distinct from energy/matter qua particle. but there is no question of "feedback between them". "they" are both just analytic vantages on the same singular phenomena.