February 04, 2013

"Capitalism, and Especially Its Finance Division" and the State




Gilds

by "IOZ"

As originally posted on: Who is IOZ?
May 3, 2012


Many people believe that in our system of state capital, the capital comes first. Well, only if you mean The Capital. Capitalism, and especially its finance division, is just rent-seeking; actually, the state owns everything--all that money is a lend-lease. Now the financiers--just as much as the Occupy movement--imagine that corporations have captured government, which has got it precisely backwards. And you see these poor rich people crawling over themselves to get the government to play nice, because the state owns them; they are the Great Guild of Boondoggles and Pyramid Schemes, operating under a charter than any prince may take away.

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