IMO, people don't fully appreciate the extent to which financial 'markets' depend on trust in the stability of the state.
The State can be understood as capital's backbone. This contextualizes attacks on regs that prevent bank runs, reduce predatory lending, or even attacks on treasury bonds.
The State can be understood as capital's backbone. This contextualizes attacks on regs that prevent bank runs, reduce predatory lending, or even attacks on treasury bonds.
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The State's enforcement powers (over borders, maritime space; internally: suppressing labor power) and other functions (monetary policy) are pillars of functioning financial markets.