• spectre [he/him]
    ·
    4 years ago

    I mean, there's some truth to that. Pretty sure that "state capitalism" isn't rigidly defined.

    • hauntingspectre [he/him]
      ·
      4 years ago

      A state captured by capital seems more accurate, although I might be being pedantic.

      • spectre [he/him]
        ·
        4 years ago

        Perhaps, but I guess I'm just thinking about the trillions of dollars in covid loans, bank bailouts, agricultural subsidies, and monopoly breakups and I see that one could argue that the American economy is definitely state managed, just to a lesser extent than China (or wherever). You could also just say it does a bad job.

        • hauntingspectre [he/him]
          ·
          4 years ago

          To me, those things are (mostly) coming from capital up. Industrial farms demanding subsidies, capital siphoning off Covid funds, etc. But, I suspect at that point we're in agreement on outcome, disagreement on process.

          • spectre [he/him]
            ·
            4 years ago

            No I feel you, I'd agree with you more than Nathan if he were to really try and argue that position, but I just didn't want to see it dismissed out of hand.