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The problem is not that the modern state lacks power in a globalized economy. The problem is that the state’s power has been captured by vested interests, and is therefore only ever used to support them.
✏️ Here’s the truth. It’s not powerless. It’s just in the hands of the few vs the hands of the many.
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Capitalism/neoliberalism is not about free market.. not only that anyways. A key component is having the state in the hands of the few.
followup This is a key part of defining capitalism and neoliberalism I think.
👓 capitalism
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