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I think it's entirely possible for a country with such policies to compete globally, but it requires a smaller cut for capital owners, whether via taxes or dire
by jtolmar 7y ago
I think it's entirely possible for a country with such policies to compete globally, but it requires a smaller cut for capital owners, whether via taxes or direct ownership changes. That leaves behind a potential source of new revenue for capital holders if the country's policies can be changed. So the question is: can policy change be forced for less money than what can be gained by opening up the market? Would forcing a regime change by military or intelligence intervention turn a profit?
Or, from the perspective of a country trying to enact utopian policies: how can they make external intervention more expensive than it's worth?