4 ms·
No amount of capital (economic power) will save you from the power of the state to take it from you, should that idea arise in the minds of those who define th
by ghostwriter 7y ago
No amount of capital (economic power) will save you from the power of the state to take it from you, should that idea arise in the minds of those who define the state policy.
- paulddraper 7y agoLobbiests + campaign finances
- claudiawerner 7y agoIn the world of international trade, only a stupid nation would do that. Systemic fear among the capital-holding class is usually unrelated to the fear of the state. Nevertheless, Nitzan and Bichler argue the ways in which capital uses its political arms to influence policy. One particularly obvious example is the strengthening of IP law, another is the military industry. Political power and capital are intertwined, but neither is above the other in a direct hierarchical relationship, because both can hold a gun to each other's head. So long as the state keeps the right to property, and it almost always will, capital has nothing to fear.