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I actually don't think it is that bad for industrial capitalists either. Afterall, a disrupted supply line often just means higher prices once the goods come th
by timthelion 10y ago
I actually don't think it is that bad for industrial capitalists either. Afterall, a disrupted supply line often just means higher prices once the goods come through. You may be right that there is a distinction here but I think that "industrial capitalists" are rather rare. Few factories are owned by individuals anymore, they are owned by corporations, and those corporations are owned by stock holders. Perhaps direct ownership of factories is bad in times of chaos and that has meant that financial capitalists have gotten richer while industrial capitalists have gone bankrupt. I think that financial capitalists probably thrive best when society is stable for a time, when the capitalists can gather cash, and then unstable for a time, when the capitalists can go on a buying spree, buying things that are not normally for sale such as national post offices, and buying things bellow price.