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In modern theory about capitalism, the government isn't separate from "the market" but part of it. The recent theory I've read postulates that capitalism can't
by delusional 2y ago
In modern theory about capitalism, the government isn't separate from "the market" but part of it. The recent theory I've read postulates that capitalism can't exist without the government, and that powerful nations were part of what enabled the emergence of modern day capitalism.
- postpawl 2y agoThis aligns with John Rawls’ idea that economic AND political systems should be structured to benefit the least advantaged. Rawls acknowledged government and markets are connected, and advocated for a fair system that ensures equity and supports all, not just the powerful.
- jahewson 2y agoIt’s obviously impossible because in such a system the least advantaged would rapidly become the most advantaged, while being incentivised to retain the outward image of remaining the least advantaged.
- deleted 2y ago[deleted]