Conversation

Notices

1. Charles Roth MPC (encycl@vox.a2c3.co)'s status on Wednesday, 03-Dec-2014 00:23:08 UTC Charles Roth MPC

   Annals of the Kleptocracy:
   #^The History of Cotton Debunks Many of the Most Popular Myths About Capitalism http://vox.a2c3.co/url/752
   
   
   
   Beckert insists that many of the myths we tell ourselves about capitalism—how it functions best when government gets out of the way, how it broke clean from slavery—are as false today as they were during its 500-year history. In Beckert’s account, not only does slavery play a pivotal role in capitalism’s rise, but so does the state. Governments supplied the guns, built the roads, enacted the tariffs, and regulated the markets that made, and continue to make, capitalism thrive.

   • Charles Roth MPC (encycl@vox.a2c3.co)'s status on Wednesday, 03-Dec-2014 00:32:13 UTC Charles Roth MPC

     in reply to

     On my train journey I realized railroads were similar. These “titans of capitalism” were basically given a license to print money by all the ways the government subsidised the construction.