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> A state can simply order workers to work without pay or be punished, burn debt that they don’t want to pay, or lock traders into a room with orders to buy. T
by tomrod 1y ago
> A state can simply order workers to work without pay or be punished, burn debt that they don’t want to pay, or lock traders into a room with orders to buy. There is still an economy, but it becomes one of political favor which is earned through multiple mechanisms.
Without irony, this is my observation for how corporations work internally. The currency between teams is backscratching.
The USSR was a big corporation with a license of coercive force.
- lumost 1y agoExactly right! A corporations internal governance has only a loose correspondence to a market economy. It's quite common for individuals to be promoted who have actually been counter-productive to the stated market goals of the organization.