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Full Idea
Capitalists exploit their unrivalled control over time and space in order to impose their rules on everyone else. …It triumphed late, only becoming dominant in the 19th century, when it had conscripted the state as its ally.
Gist of Idea
Capitalists use their exceptional power to impose their own rules, and make the state their ally
Source
William Davies (Review of 'The Price is Wrong' by B.Christophers [2024], 24-04-04)
Book Ref
-: 'London Review of Books' [ 0], p.23
A Reaction
This so very much makes sense of the modern world. Nowadays capitalists are so wealthy that the state has largely become their pawn, rather than their ally. Populist leaders are their puppets (and are well rewarded).
| 24071 | Markets are transparent, with known prices and activity, and minimal profits [Davies,W] |
| 24073 | Capitalists use their exceptional power to impose their own rules, and make the state their ally [Davies,W] |
| 24070 | Economies have material, economic and capitalist layers [Davies,W] |
| 24074 | Capitalism must mainly rely either on the labour market, or on the financial markets [Davies,W] |
| 24072 | Capitalism is the anti-market, with opacity, monopolies, powers, exceptional profits and wealth [Davies,W] |