“The Iron Fist Behind the Invisible Hand: Corporate Capitalism as State Guaranteed Privilege”

by Kevin Carson

“The current structure of capital ownership and organization of production in our so-called “market” economy, reflects coercive state intervention prior to and extraneous to the market. From the outset of the industrial revolution, what is nostalgically called “laissez-faire” was in fact a system of continuing state intervention to subsidize accumulation, guarantee privilege, and maintain work discipline.”

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