So we can fuss around with terms. But the bias in private capitalism is non interference in forces except by treating the state as just another customer, while state capitalism places higher priority on state as a customer than the market – particularly international market.
Source date (UTC): 2020-02-02 15:03:24 UTC
Original post: https://twitter.com/i/web/status/1223985274159497218
Reply addressees: @Hauptgefreiter1
Replying to: https://twitter.com/i/web/status/1223984954746511361
IN REPLY TO:
Unknown author
@Hauptgefreiter1 Hitler wasn’t the only fascist – he was just the last. So yes, the state (a) prevents contra-autarkic arbitrage for profit and exploitation of state resources (the same thing), (b) biases production to commons by use of state financing,(c) overrides market incentives when needed.
Original post: https://x.com/i/web/status/1223984954746511361
IN REPLY TO:
@curtdoolittle
@Hauptgefreiter1 Hitler wasn’t the only fascist – he was just the last. So yes, the state (a) prevents contra-autarkic arbitrage for profit and exploitation of state resources (the same thing), (b) biases production to commons by use of state financing,(c) overrides market incentives when needed.
Original post: https://x.com/i/web/status/1223984954746511361
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