policon has this silly fantasy that capitalism is a harmonious system that is negatively influenced by outside non-capitalist factors.
1. There can be no capitalism without the State.
2. Capitalism inevitably results in the accumulation and concentration of wealth into the hands of a small number of people.
3. Wealth can be (and always is) used to control the State (take the supreme court decision on Citizen's United)
4. Wealthy people will use the reigns they have on the state to serve their own economic interests.
Therefore: Capitalism will always result in the state influencing the market.
This idea that "capitalism would work if only the state didn't get involved" totally ignores the reality that the state and the economy are inseperable. This is like people saying "capitalism would never fail if only capitalism worked like it did in my textbook!" well unfortunately the textbook is wrong.
free market capitalism is doomed to erase itself and form a union of the state and the economy.
free market capitalism produces wealth - wealth controls the state - the state can be used to produce more wealth. it should be obvious that "free market economy" is an illusion that only lasts for a brief moment.
Is a State a Person because it is comprised of, and run by people?
A corporation isn't a person, it's a name for a social arrangement between people. There's a difference but of course that difference is ignored by our corporatist government.
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